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Tuesday, November 26, 2024

Bismarck home prices fall in 2018

Realestate2

The median sale price of a home sold in 2018 in Bismarck fell by $38,000 while total sales decreased by 22.2%, according to BlockShopper.com.

From January through December of 2018, there were seven homes sold, with a median sale price of $57,000 - a 40% decrease over the $95,000 median sale price for the previous year. There were nine homes sold in Bismarck in 2017.

The median sales tax in Bismarck for the most recent year with available data, 2016, was $1,500, approximately 2.6% of the median home sale price for 2018.

The following table compares Bismarck to other Vermilion County cities with similar median sales prices in 2018:

CityJan. - Dec. 2018 Home SalesJan. - Dec. 2017 Home Sales% change (Total Home Sales)Jan. - Dec. 2018 Median Sales PriceJan. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Fairmount29-77.8%$82,250$20,000311.3%
Fithian990%$73,000$67,0009%
Allerton6450%$65,500$65,5000%
Westville59565.4%$65,000$56,85014.3%
Ridge Farm10100%$60,500$22,500168.9%
Bismarck79-22.2%$57,000$95,000-40%
Belgium6450%$51,000$31,00064.5%
Henning24-50%$46,500$51,500-9.7%
Hoopeston1057736.4%$44,500$42,0006%
Rossville242114.3%$42,500$54,000-21.3%
Tilton3439-12.8%$42,000$40,0005%

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