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Wednesday, April 24, 2024

Pleasant Plains home prices fall in the fourth quarter of 2017

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The median sale price of a home sold in the fourth quarter of 2017 in Pleasant Plains fell by $35,500 while total sales decreased by 14.3%, according to BlockShopper.com.

From October through December of 2017, there were six homes sold, with a median sale price of $103,500 - a 25.5% decrease over the $139,000 median sale price for the same period of the previous year. There were seven homes sold in Pleasant Plains in the fourth quarter of 2016.

The median sales tax in Pleasant Plains for 2017 was $2,543. In 2016, the median sales tax was $2,843. This marks an decrease of 10.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.5%.

The following table compares Pleasant Plains to other Sangamon County cities with similar median sales prices in the fourth quarter of 2017:

CityOct. - Dec. 2017 Home SalesOct. - Dec. 2016 Home Sales% change (Total Home Sales)Oct. - Dec. 2017 Median Sales PriceOct. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Loami42100%$139,000$81,25071.1%
Cantrall31200%$139,000$48,800184.8%
Auburn1822-18.2%$124,950$101,75022.8%
Pawnee166166.7%$112,500$90,25024.7%
Riverton1317-23.5%$106,625$125,000-14.7%
Pleasant Plains67-14.3%$103,500$139,000-25.5%
New Berlin14955.6%$97,500$117,900-17.3%
Buffalo46-33.3%$95,306$53,50078.1%
Divernon5366.7%$85,000$74,90013.5%
Southern View16977.8%$68,500$75,000-8.7%
Thayer110%$32,000$78,000-59%

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