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Thursday, November 28, 2024

Washburn home prices fall in the third quarter of 2019

Realestate3

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Adobe Stock

The median sale price of a home sold in the third quarter of 2019 in Washburn fell by $40,000 while total sales decreased by 25%, according to BlockShopper.com.

From July through September of 2019, there were three homes sold, with a median sale price of $47,000 - a 46% decrease over the $87,000 median sale price for the same period of the previous year. There were four homes sold in Washburn in the third quarter of 2018.

The median sales tax in Washburn for the most recent year with available data, 2018, was $1,864, approximately 4% of the median home sale price for the third quarter of 2019.

The following table compares Washburn to other Woodford County cities with similar median sales prices in the third quarter of 2019:

CityJuly - Sept. 2019 Home SalesJuly - Sept. 2018 Home Sales% change (Total Home Sales)July - Sept. 2019 Median Sales PriceJuly - Sept. 2018 Median Sales Price% change (Median Sales Price)
Congerville110%$139,500$115,00021.3%
Metamora1222-45.5%$129,500$163,500-20.8%
Eureka724-70.8%$121,500$129,000-5.8%
Bay View Gardens220%$109,950$70,00057.1%
El Paso10100%$92,000$78,95016.5%
Secor3250%$88,800$101,500-12.5%
Roanoke78-12.5%$87,500$108,750-19.5%
Minonk310-70%$84,500$55,50052.3%
Benson31200%$72,000$71,0001.4%
Washburn34-25%$47,000$87,000-46%
Spring Bay220%$23,500$103,000-77.2%

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