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Thursday, April 25, 2024

New Berlin home prices fall 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 New Berlin fell by $12,950 while total sales increased by 137.5%, according to BlockShopper.com.

From July through September of 2017, there were 19 homes sold, with a median sale price of $135,000 - a 8.8% decrease over the $147,950 median sale price for the same period of the previous year. There were eight homes sold in New Berlin in the third quarter of 2016.

The median sales tax in New Berlin for 2017 was $2,698.35. In 2016, the median sales tax was $2,717.90. This marks an decrease of 0.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2%.

The following table compares New Berlin to other Sangamon 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)
Rochester372642.3%$169,000$178,000-5.1%
Chatham806719.4%$168,942$157,5007.3%
Riverton22214.8%$143,950$112,00028.5%
Spaulding52150%$140,000$108,20029.4%
Dawson92350%$139,900$147,025-4.8%
New Berlin198137.5%$135,000$147,950-8.8%
Loami5366.7%$129,900$65,00099.8%
Pawnee201533.3%$113,000$120,000-5.8%
Cantrall10-$112,900$0-
Buffalo57-28.6%$105,500$142,000-25.7%
Auburn2025-20%$102,000$124,500-18.1%

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