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Saturday, April 20, 2024

Mechanicsburg 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 Mechanicsburg fell by $15,000 while total sales decreased by 33.3%, according to BlockShopper.com.

From July through September of 2017, there were two homes sold, with a median sale price of $45,000 - a 25% decrease over the $60,000 median sale price for the same period of the previous year. There were three homes sold in Mechanicsburg in the third quarter of 2016.

The median sales tax in Mechanicsburg for 2017 was $1,673.58. In 2016, the median sales tax was $1,705.80. This marks an decrease of 1.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.7%.

The following table compares Mechanicsburg 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)
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%
Divernon770%$81,760$134,000-39%
Southern View13785.7%$72,000$68,0005.9%
Illiopolis330%$63,900$62,5002.2%
Pleasant Plains713-46.2%$53,300$114,000-53.2%
Mechanicsburg23-33.3%$45,000$60,000-25%
Thayer23-33.3%$43,200$49,601-12.9%

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