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Sunday, November 24, 2024

First half of 2022: Home prices in Centerburg increased

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The median sale price of a home sold in the first half of 2022 in Centerburg rose by $95,000 while total sales increased by 44.4 percent, according to BlockShopper.com.

From January through June, there were 13 homes sold, with a median sale price of $235,000 - a 67.9 percent increase over the $140,000 median sale price for the same period of the previous year. There were nine homes sold in Centerburg in the first half of 2021.

The median sales tax in Centerburg for the most recent year with available data, 2019, was $1,672, approximately 0.7 percent of the median home sale price for the first half of 2022.

The following table compares Centerburg to other Knox County cities in the first half of 2022:

CityJanuary - June 2022 Home SalesJanuary - June 2021 Home Sales% change (Total Home Sales)January - June 2022 Median Sales PriceJanuary - June 2021 Median Sales Price% change (Median Sales Price)
Centerburg13944.4$235,000$140,00067.9
Apple Valley5676-26.3$235,000$175,00034.3
Gambier41300$201,500$165,00022.1
Fredericktown1925-24$164,000$115,00042.6
Mount Vernon83110-24.5$150,000$136,25010.1
Danville6520$130,500$92,50041.1

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