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Saturday, November 16, 2024

Sparta home prices rise 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 Sparta rose by $16,050 while total sales decreased by 84.6%, according to BlockShopper.com.

From January through March of 2017, there were two homes sold, with a median sale price of $45,750 - a 54% increase over the $29,700 median sale price for the same period of the previous year. There were 13 homes sold in Sparta in the first quarter of 2016.

The median sales tax in Sparta for 2017 was $1,212. In 2016, the median sales tax was $1,252. This marks an decrease of 3.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.6%.

The following table compares Sparta to other Randolph 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)
Chester29-77.8%$71,137.50$64,50010.3%
Sparta213-84.6%$45,750$29,70054%
Prairie du Rocher110%$45,000$50,000-10%
Coulterville02-100%$0$20,500-100%
Evansville00-$0$0-
Steeleville05-100%$0$60,000-100%
Tilden03-100%$0$20,000-100%
Red Bud06-100%$0$84,500-100%
Ellis Grove02-100%$0$70,950-100%
Baldwin01-100%$0$38,800-100%
Percy03-100%$0$83,000-100%

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