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Quincy Reporter

Saturday, May 4, 2024

Mendon home prices fall 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 Mendon fell by $41,000 while total sales increased by 150%, according to BlockShopper.com.

From January through March of 2017, there were five homes sold, with a median sale price of $50,000 - a 45.1% decrease over the $91,000 median sale price for the same period of the previous year. There were two homes sold in Mendon in the first quarter of 2016.

The median sales tax in Mendon for 2017 was $1,618.33. In 2016, the median sales tax was $1,650.60. This marks an decrease of 2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.2%.

The following table compares Mendon to other Adams 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)
Loraine110%$93,000$48,30092.5%
Quincy15913616.9%$90,000$99,950-10%
Ursa5425%$75,000$142,500-47.4%
Camp Point84100%$69,900$86,000-18.7%
Plainville110%$51,500$15,500232.3%
Clayton440%$50,000$31,25060%
Mendon52150%$50,000$91,000-45.1%
Golden34-25%$45,000$45,250-0.6%
Liberty220%$41,500$80,950-48.7%
Payson03-100%$0$45,000-100%

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