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West Central Reporter

Wednesday, December 25, 2024

January 2019: Warsaw experienced a 9.6% drop in median home prices

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The median sale price of a home sold in January 2019 in Warsaw fell by $4,500 while total sales increased by 50%, according to BlockShopper.com.

In January 2019, there were three homes sold, with a median sale price of $42,500 - a 9.6% decrease over the $47,000 median sale price for the same period of the previous year. There were two homes sold in Warsaw in January 2018.

The median sales tax in Warsaw for 2019 was $1,469. In 2018, the median sales tax was $1,495. This marks an decrease of 1.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.5%.

The following table compares Warsaw to other Hancock County cities in January 2019:

CityJan. 2019 Home SalesJan. 2018 Home Sales% change (Total Home Sales)Jan. 2019 Median Sales PriceJan. 2018 Median Sales Price% change (Median Sales Price)
Hamilton13-66.7%$57,000$25,000128%
Nauvoo20-$50,000$0-
Warsaw3250%$42,500$47,000-9.6%
Dallas City10-$18,800$0-
Plymouth00-$0$0-
Bowen00-$0$0-
Augusta02-100%$0$28,500-100%
La Harpe02-100%$0$72,500-100%
Carthage01-100%$0$96,000-100%

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