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Saturday, November 23, 2024

Oakwood home prices rise in the second quarter of 2017

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The median sale price of a home sold in the second quarter of 2017 in Oakwood rose by $16,000 while total sales decreased by 33.3%, according to BlockShopper.com.

From April through June of 2017, there were two homes sold, with a median sale price of $94,500 - a 20.4% increase over the $78,500 median sale price for the same period of the previous year. There were three homes sold in Oakwood in the second quarter of 2016.

The median sales tax in Oakwood for the most recent year with available data, 2016, was $1,204.10, approximately 1.3% of the median home sale price for the second quarter of 2017.

The following table compares Oakwood to other Vermilion County cities with similar median sales prices in the second quarter of 2017:

CityApr. - June 2017 Home SalesApr. - June 2016 Home Sales% change (Total Home Sales)Apr. - June 2017 Median Sales PriceApr. - June 2016 Median Sales Price% change (Median Sales Price)
Catlin712-41.7%$98,000$69,25041.5%
Oakwood23-33.3%$94,500$78,50020.4%
Fithian31200%$90,000$92,000-2.2%
Bismarck220%$83,500$36,250130.3%
Westville880%$76,000$62,50021.6%
Allerton20-$65,500$0-
Potomac31200%$57,000$69,000-17.4%
Henning20-$51,500$0-
Sidell20-$49,250$0-
Rossville48-50%$47,750$57,750-17.3%
Danville118122-3.3%$42,000$50,500-16.8%

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