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Quincy Reporter

Monday, November 25, 2024

Mendon home prices fall in the third quarter of 2018

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The median sale price of a home sold in the third quarter of 2018 in Mendon fell by $6,000 while total sales increased by 40%, according to BlockShopper.com.

From July through September of 2018, there were seven homes sold, with a median sale price of $77,000 - a 7.2% decrease over the $83,000 median sale price for the same period of the previous year. There were five homes sold in Mendon in the third quarter of 2017.

The median sales tax in Mendon for 2018 was $1,623. In 2017, the median sales tax was $1,618. This marks an increase of 0.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.1%.

The following table compares Mendon to other Adams County cities in the third quarter of 2018:

CityJuly - Sept. 2018 Home SalesJuly - Sept. 2017 Home Sales% change (Total Home Sales)July - Sept. 2018 Median Sales PriceJuly - Sept. 2017 Median Sales Price% change (Median Sales Price)
Quincy2452268.4%$103,000$102,5000.5%
Payson17-85.7%$98,500$70,00040.7%
Loraine21100%$92,000$25,200265.1%
Camp Point5425%$90,000$50,00080%
Golden35-40%$89,000$19,000368.4%
Mendon7540%$77,000$83,000-7.2%
Liberty220%$59,000$162,250-63.6%
Clayton62200%$45,000$7,250520.7%
Ursa62200%$42,500$60,900-30.2%
Plainville01-100%$0$71,000-100%

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