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Bismarck 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 Bismarck rose by $47,250 while total sales remained unchanged with two homes sold, according to BlockShopper.com.

From April through June of 2017, there were two homes sold, with a median sale price of $83,500 - a 130.3% increase over the $36,250 median sale price for the same period of the previous year. There were two homes sold in Bismarck in the second quarter of 2016, as well.

The median sales tax in Bismarck for the most recent year with available data, 2016, was $1,500.10, approximately 1.8% of the median home sale price for the second quarter of 2017.

The following table compares Bismarck 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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