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West Central Reporter

Wednesday, December 25, 2024

Falling home prices in Warsaw in the third quarter of 2017

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The median sale price of a home sold in the third quarter of 2017 in Warsaw fell by $5,000 while total sales decreased by 62.5%, according to BlockShopper.com.

From July through September of 2017, there were three homes sold, with a median sale price of $49,000 - a 9.3% decrease over the $54,000 median sale price for the same period of the previous year. There were eight homes sold in Warsaw in the third quarter of 2016.

The median sales tax in Warsaw for 2017 was $1,511. In 2016, the median sales tax was $1,485. This marks an increase of 1.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.1%.

The following table compares Warsaw to other Hancock County cities in the third quarter of 2017:

CityJuly - Sept. 2017 Home SalesJuly - Sept. 2016 Home Sales% change (Total Home Sales)July - Sept. 2017 Median Sales PriceJuly - Sept. 2016 Median Sales Price% change (Median Sales Price)
Nauvoo5366.7%$174,000$91,00091.2%
Hamilton1619-15.8%$86,000$60,00043.3%
Dallas City24-50%$80,000$46,75071.1%
Carthage910-10%$72,500$100,000-27.5%
Augusta25-60%$72,000$45,00060%
La Harpe9580%$62,500$42,00048.8%
Bowen14-75%$49,250$17,500181.4%
Warsaw38-62.5%$49,000$54,000-9.3%
Plymouth15-80%$22,000$13,00069.2%

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