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Wednesday, December 25, 2024

Ridge Farm home prices rise 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 Ridge Farm rose by $4,500 while total sales decreased by 50%, according to BlockShopper.com.

From July through September of 2017, there were two homes sold, with a median sale price of $21,000 - a 27.3% increase over the $16,500 median sale price for the same period of the previous year. There were four homes sold in Ridge Farm in the third quarter of 2016.

The median sales tax in Ridge Farm for the most recent year with available data, 2016, was $1,126.10, approximately 5.4% of the median home sale price for the third quarter of 2017.

The following table compares Ridge Farm to other Vermilion County cities with similar median sales prices 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)
Rossville45-20%$66,500$70,000-5%
Westville2010100%$52,750$93,750-43.7%
Hoopeston1822-18.2%$52,500$46,00014.1%
Danville13211910.9%$48,500$43,90010.5%
Georgetown211540%$46,500$35,00032.9%
Sidell31200%$40,000$70,000-42.9%
Tilton141127.3%$39,100$50,000-21.8%
Potomac330%$35,000$47,000-25.5%
Fairmount12-50%$31,000$74,750-58.5%
Ridge Farm24-50%$21,000$16,50027.3%
Rankin61500%$15,500$7,000121.4%

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