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West Central Reporter

Wednesday, December 25, 2024

Falling home prices in Warsaw in November 2017

Realestate2

The median sale price of a home sold in November 2017 in Warsaw fell by $25,250 while total sales increased by 50%, according to BlockShopper.com.

In November 2017, there were three homes sold, with a median sale price of $24,000 - a 51.3% decrease over the $49,250 median sale price for the same period of the previous year. There were two homes sold in Warsaw in November 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 6.3%.

The following table compares Warsaw to other Hancock County cities in November 2017:

CityNov. 2017 Home SalesNov. 2016 Home Sales% change (Total Home Sales)Nov. 2017 Median Sales PriceNov. 2016 Median Sales Price% change (Median Sales Price)
Carthage23-33.3%$89,500$72,00024.3%
Hamilton34-25%$80,000$72,75010%
Nauvoo20-$74,000$0-
Bowen110%$36,000$30,00020%
Warsaw3250%$24,000$49,250-51.3%
Augusta13-66.7%$22,500$50,000-55%
La Harpe13-66.7%$10,000$80,500-87.6%
Dallas City01-100%$0$230,000-100%
Plymouth01-100%$0$18,000-100%

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