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Saturday, June 21, 2025

Spring Bay 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 Spring Bay fell by $64,000 while total sales remained unchanged with two homes sold, according to BlockShopper.com.

From January through March of 2018, there were two homes sold, with a median sale price of $38,500 - a 62.4% decrease over the $102,500 median sale price for the same period of the previous year. There were two homes sold in Spring Bay in the first quarter of 2017, as well.

The median sales tax in Spring Bay for the most recent year with available data, 2017, was $1,566.20, approximately 4.1% of the median home sale price for the first quarter of 2018.

The following table compares Spring Bay 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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