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Tuesday, November 26, 2024

Bement home prices rise in the fourth quarter of 2018

Realestate4

The median sale price of a home sold in the fourth quarter of 2018 in Bement rose by $51,100 while total sales decreased by 22.2%, according to BlockShopper.com.

From October through December of 2018, there were seven homes sold, with a median sale price of $106,000 - a 93.1% increase over the $54,900 median sale price for the same period of the previous year. There were nine homes sold in Bement in the fourth quarter of 2017.

The median sales tax in Bement for the most recent year with available data, 2017, was $1,817, approximately 1.7% of the median home sale price for the fourth quarter of 2018.

The following table compares Bement to other Piatt County cities in the fourth quarter of 2018:

CityOct. - Dec. 2018 Home SalesOct. - Dec. 2017 Home Sales% change (Total Home Sales)Oct. - Dec. 2018 Median Sales PriceOct. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Monticello2437-35.1%$147,500$150,000-1.7%
Mansfield23-33.3%$147,500$108,00036.6%
White Heath12-50%$128,000$96,00033.3%
Bement79-22.2%$106,000$54,90093.1%
Cerro Gordo4333.3%$99,452.50$40,100148%
Cisco13-66.7%$86,000$75,00014.7%
Hammond10-$71,750$0-
Atwood6450%$51,450$65,500-21.5%
De Land3250%$25,000$82,218.50-69.6%
LaPlace04-100%$0$41,450-100%

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