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Sunday, November 24, 2024

Atlanta home prices fall in the first quarter of 2017

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The median sale price of a home sold in the first quarter of 2017 in Atlanta fell by $6,500 while total sales increased by 80%, according to BlockShopper.com.

From January through March of 2017, there were nine homes sold, with a median sale price of $61,500 - a 9.6% decrease over the $68,000 median sale price for the same period of the previous year. There were five homes sold in Atlanta in the first quarter of 2016.

The median sales tax in Atlanta for 2017 was $1,805.28. In 2016, the median sales tax was $1,819.30. This marks an decrease of 0.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.9%.

The following table compares Atlanta to other Logan County cities in the first quarter of 2017:

CityJan. - Mar. 2017 Home SalesJan. - Mar. 2016 Home Sales% change (Total Home Sales)Jan. - Mar. 2017 Median Sales PriceJan. - Mar. 2016 Median Sales Price% change (Median Sales Price)
Elkhart5425%$102,900$97,5005.5%
Emden23-33.3%$96,500$87,50010.3%
Mount Pulaski11922.2%$92,500$68,00036%
Lincoln6668-2.9%$72,750$71,0002.5%
Atlanta9580%$61,500$68,000-9.6%
Latham110%$15,000$5,000200%
Middletown03-100%$0$18,000-100%
Hartsburg00-$0$0-
New Holland01-100%$0$61,500-100%

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