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Sunday, November 24, 2024

Lost Nation home prices fall in the third quarter of 2018

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The median sale price of a home sold in the third quarter of 2018 in Lost Nation fell by $10,500 while total sales increased by 125%, according to BlockShopper.com.

From July through September of 2018, there were nine homes sold, with a median sale price of $202,000 - a 4.9% decrease over the $212,500 median sale price for the same period of the previous year. There were four homes sold in Lost Nation in the third quarter of 2017.

The median sales tax in Lost Nation for 2018 was $3,136. In 2017, the median sales tax was $3,067. This marks an increase of 2.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.6%.

The following table compares Lost Nation to other Ogle County cities with similar median sales prices in the third quarter of 2018:

CityJuly - Sept. 2018 Home SalesJuly - Sept. 2017 Home Sales% change (Total Home Sales)July - Sept. 2018 Median Sales PriceJuly - Sept. 2017 Median Sales Price% change (Median Sales Price)
Lost Nation94125%$202,000$212,500-4.9%
Hillcrest78-12.5%$164,500$98,25067.4%
Monroe Center21100%$149,750$239,900-37.6%
Davis Junction10666.7%$149,000$158,000-5.7%
Byron23230%$149,000$142,9004.3%
Stillman Valley660%$132,500$135,500-2.2%
Creston40-$128,250$0-
Forreston79-22.2%$122,000$79,90052.7%
Grand Detour41300%$104,750$39,000168.6%
Rochelle463148.4%$97,500$105,000-7.1%
Mount Morris915-40%$85,500$71,00020.4%

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