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Wednesday, September 10, 2025

Centerburg 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 Centerburg fell by $43,950 while total sales decreased by 62.5%, according to BlockShopper.com.

From July through September of 2018, there were three homes sold, with a median sale price of $104,000 - a 29.7% decrease over the $147,950 median sale price for the same period of the previous year. There were eight homes sold in Centerburg in the third quarter of 2017.

The median sales tax in Centerburg for 2018 was $1,623. In 2017, the median sales tax was $1,491. This marks an increase of 8.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.6%.

The following table compares Centerburg to other Knox 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)
Gambier40-$247,500$0-
Apple Valley61593.4%$172,450$148,00016.5%
Fredericktown14137.7%$110,000$90,50021.5%
Centerburg38-62.5%$104,000$147,950-29.7%
Mount Vernon6694-29.8%$103,000$99,5003.5%
Danville220%$81,750$76,5006.9%

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