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Tuesday, April 23, 2024

Savanna home prices rise in the fourth quarter of 2019

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The median sale price of a home sold in the fourth quarter of 2019 in Savanna rose by $9,500 while total sales increased by 5%, according to BlockShopper.com.

From October through December of 2019, there were 21 homes sold, with a median sale price of $45,000 - a 26.8% increase over the $35,500 median sale price for the same period of the previous year. There were 20 homes sold in Savanna in the fourth quarter of 2018.

The median sales tax in Savanna for the most recent year with available data, 2018, was $1,077, approximately 2.4% of the median home sale price for the fourth quarter of 2019.

The following table compares Savanna to other Carroll County cities in the fourth quarter of 2019:

CityOct. - Dec. 2019 Home SalesOct. - Dec. 2018 Home Sales% change (Total Home Sales)Oct. - Dec. 2019 Median Sales PriceOct. - Dec. 2018 Median Sales Price% change (Median Sales Price)
Lanark914-35.7%$100,000$16,000525%
Chadwick110%$87,500$45,00094.4%
Milledgeville63100%$65,950$70,000-5.8%
Mount Carroll67-14.3%$65,700$83,775-21.6%
Savanna21205%$45,000$35,50026.8%
Thomson3250%$42,750$107,000-60%
Shannon515-66.7%$30,000$60,000-50%

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