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Tuesday, November 26, 2024

Grafton home prices fall in the fourth quarter of 2017

Realestate5

The median sale price of a home sold in the fourth quarter of 2017 in Grafton fell by $54,000 while total sales decreased by 40%, according to BlockShopper.com.

From October through December of 2017, there were three homes sold, with a median sale price of $75,000 - a 41.9% decrease over the $129,000 median sale price for the same period of the previous year. There were five homes sold in Grafton in the fourth quarter of 2016.

The median sales tax in Grafton for the most recent year with available data, 2016, was $3,227, approximately 4.3% of the median home sale price for the fourth quarter of 2017.

The following table compares Grafton to other Jersey 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)
Brighton110%$104,000$70,00048.6%
Grafton35-40%$75,000$129,000-41.9%
Jerseyville3340-17.5%$73,000$73,500-0.7%
Elsah02-100%$0$178,450-100%

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