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Quincy Reporter

Friday, November 22, 2024

Mendon home prices rise in the fourth quarter of 2017

Realestate1

The median sale price of a home sold in the fourth quarter of 2017 in Mendon rose by $25,450 while total sales decreased by 40%, according to BlockShopper.com.

From October through December of 2017, there were six homes sold, with a median sale price of $86,450 - a 41.7% increase over the $61,000 median sale price for the same period of the previous year. There were 10 homes sold in Mendon in the fourth quarter of 2016.

The median sales tax in Mendon for 2017 was $1,618. In 2016, the median sales tax was $1,651. 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 1.9%.

The following table compares Mendon to other Adams County cities 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)
Loraine12-50%$144,000$70,000105.7%
Liberty45-20%$120,250$70,00071.8%
Payson79-22.2%$101,900$65,00056.8%
Quincy2232191.8%$90,000$96,500-6.7%
Mendon610-40%$86,450$61,00041.7%
Ursa220%$83,000$61,50035%
Plainville110%$79,900$130,000-38.5%
Camp Point710-30%$60,000$83,500-28.1%
Golden16-83.3%$57,000$45,816.5024.4%
Clayton9580%$49,450$39,60024.9%

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