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Saturday, June 21, 2025

Roanoke home prices fall in the first quarter of 2018

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The median sale price of a home sold in the first quarter of 2018 in Roanoke fell by $31,500 while total sales decreased by 10%, according to BlockShopper.com.

From January through March of 2018, there were nine homes sold, with a median sale price of $54,500 - a 36.6% decrease over the $86,000 median sale price for the same period of the previous year. There were 10 homes sold in Roanoke in the first quarter of 2017.

The median sales tax in Roanoke for the most recent year with available data, 2017, was $2,530.60, approximately 4.6% of the median home sale price for the first quarter of 2018.

The following table compares Roanoke to other Woodford County cities in the first quarter of 2018:

CityJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
Goodfield10-$282,500$0-
Germantown Hills8560%$228,200$283,000-19.4%
Metamora12119.1%$133,750$109,90021.7%
Minonk72250%$112,000$71,50056.6%
Eureka219133.3%$106,000$82,70028.2%
El Paso415-73.3%$91,200$88,0003.6%
Washburn52150%$75,000$49,25052.3%
Roanoke910-10%$54,500$86,000-36.6%
Spring Bay220%$38,500$102,500-62.4%
Secor23-33.3%$24,250$92,000-73.6%
Benson01-100%$0$50,000-100%
Bay View Gardens00-$0$0-
Congerville02-100%$0$94,250-100%

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