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West Central Reporter

Monday, November 25, 2024

Waverly home prices rise in the fourth quarter of 2017

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The median sale price of a home sold in the fourth quarter of 2017 in Waverly rose by $43,000 while total sales increased by 40%, according to BlockShopper.com.

From October through December of 2017, there were seven homes sold, with a median sale price of $65,000 - a 195.5% increase over the $22,000 median sale price for the same period of the previous year. There were five homes sold in Waverly in the fourth quarter of 2016.

The median sales tax in Waverly for the most recent year with available data, 2016, was $1,251, approximately 1.9% of the median home sale price for the fourth quarter of 2017.

The following table compares Waverly to other Morgan County cities in the fourth quarter of 2017:

CityOct. - Dec. 2017 Home SalesOct. - Dec. 2016 Home Sales% change (Total Home Sales)Oct. - Dec. 2017 Median Sales PriceOct. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Woodson3250%$107,000$94,00013.8%
South Jacksonville191435.7%$93,000$88,2505.4%
Jacksonville79103-23.3%$83,000$74,90010.8%
Waverly7540%$65,000$22,000195.5%
Franklin220%$58,250$64,750-10%
Murrayville34-25%$48,000$21,150127%
Meredosia62200%$27,250$21,00029.8%
Concord110%$14,000$37,400-62.6%
Chapin27-71.4%$9,622.50$43,500-77.9%

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