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Monday, November 25, 2024

Palmyra home prices fall in September 2019

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The median sale price of a home sold in September 2019 in Palmyra fell by $77,000 while total sales increased by 50%, according to BlockShopper.com.

In September 2019, there were three homes sold, with a median sale price of $195,000 - a 28.3% decrease over the $272,000 median sale price for the same period of the previous year. There were two homes sold in Palmyra in September 2018.

The median sales tax in Palmyra for the most recent year with available data, 2018, was $3,804, approximately 2% of the median home sale price for September 2019.

The following table compares Palmyra to other Lee County cities in September 2019:

CitySept. 2019 Home SalesSept. 2018 Home Sales% change (Total Home Sales)Sept. 2019 Median Sales PriceSept. 2018 Median Sales Price% change (Median Sales Price)
Lee10-$315,000$0-
Palmyra3250%$195,000$272,000-28.3%
Steward10-$146,000$0-
Sublette13-66.7%$113,000$118,000-4.2%
Amboy35-40%$101,000$96,0005.2%
Paw Paw15-80%$97,000$135,000-28.1%
Dixon2338-39.5%$89,900$85,2005.5%
Franklin Grove15-80%$73,000$84,500-13.6%
Ashton23-33.3%$66,500$55,00020.9%
West Brooklyn00-$0$0-
Compton02-100%$0$44,500-100%
Harmon00-$0$0-
Nachusa01-100%$0$198,000-100%
Nelson01-100%$0$129,900-100%

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