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Friday, November 22, 2024

Roanoke home prices fall in February 2017

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The median sale price of a home sold in February 2017 in Roanoke fell by $23,100 while total sales decreased by 33.3%, according to BlockShopper.com.

In February 2017, there were four homes sold, with a median sale price of $64,900 - a 26.3% decrease over the $88,000 median sale price for the same period of the previous year. There were six homes sold in Roanoke in February 2016.

The median sales tax in Roanoke for 2017 was $2,531. In 2016, the median sales tax was $2,436. This marks an increase of 3.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.9%.

The following table compares Roanoke to other Woodford County cities in February 2017:

CityFeb. 2017 Home SalesFeb. 2016 Home Sales% change (Total Home Sales)Feb. 2017 Median Sales PriceFeb. 2016 Median Sales Price% change (Median Sales Price)
Germantown Hills12-50%$550,000$155,000254.8%
Metamora52150%$138,900$209,250-33.6%
El Paso5425%$119,500$101,652.5017.6%
Minonk13-66.7%$110,000$20,000450%
Eureka24-50%$109,000$106,4502.4%
Secor110%$92,000$55,00067.3%
Roanoke46-33.3%$64,900$88,000-26.3%
Benson01-100%$0$52,500-100%
Bay View Gardens00-$0$0-
Washburn03-100%$0$36,000-100%
Spring Bay00-$0$0-
Goodfield00-$0$0-
Congerville00-$0$0-

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