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Saturday, June 21, 2025

Falling home prices in Chadwick in the second half of 2020

Webp re 2

The median sale price of a home sold in the second half of 2020 in Chadwick fell by $50,500 while total sales increased by 66.7%, according to BlockShopper.com.

From July through December of 2020, there were five homes sold, with a median sale price of $52,500 - a 49% decrease over the $103,000 median sale price for the same period of the previous year. There were three homes sold in Chadwick in the second half of 2019.

The median sales tax in Chadwick for the most recent year with available data, 2019, was $1,463, approximately 2.8% of the median home sale price for the second half of 2020.

The following table compares Chadwick to other Carroll County cities in the second half of 2020:

CityJuly - Dec. 2020 Home SalesJuly - Dec. 2019 Home Sales% change (Total Home Sales)July - Dec. 2020 Median Sales PriceJuly - Dec. 2019 Median Sales Price% change (Median Sales Price)
Thomson9728.6%$89,000$42,750108.2%
Shannon813-38.5%$84,750$40,000111.9%
Lanark1719-10.5%$83,000$85,000-2.4%
Milledgeville1112-8.3%$78,000$65,95018.3%
Chadwick5366.7%$52,500$103,000-49%
Savanna35329.4%$45,000$47,250-4.8%
Mount Carroll231553.3%$34,000$75,000-54.7%

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