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Friday, November 22, 2024

Mark home prices rise in the second half of 2017

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The median sale price of a home sold in the second half of 2017 in Mark rose by $52,950 while total sales increased by 50%, according to BlockShopper.com.

From July through December of 2017, there were six homes sold, with a median sale price of $98,950 - a 115.1% increase over the $46,000 median sale price for the same period of the previous year. There were four homes sold in Mark in the second half of 2016.

The median sales tax in Mark for 2017 was $1,528. In 2016, the median sales tax was $1,534. This marks an decrease of 0.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.5%.

The following table compares Mark to other Putnam County cities in the second half of 2017:

CityJuly - Dec. 2017 Home SalesJuly - Dec. 2016 Home Sales% change (Total Home Sales)July - Dec. 2017 Median Sales PriceJuly - Dec. 2016 Median Sales Price% change (Median Sales Price)
Hennepin5366.7%$112,500$107,0005.1%
Mark6450%$98,950$46,000115.1%
McNabb3250%$89,000$99,500-10.6%
Granville6450%$77,250$103,000-25%
Magnolia10-$65,000$0-
Standard00-$0$0-

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