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Sunday, November 24, 2024

How did home prices perform in Fredericktown during the first half of 2022?

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The median sale price of a home sold in the first half of 2022 in Fredericktown rose by $49,000 while total sales decreased by 24 percent, according to BlockShopper.com.

From January through June, there were 19 homes sold, with a median sale price of $164,000 - a 42.6 percent increase over the $115,000 median sale price for the same period of the previous year. There were 25 homes sold in Fredericktown in the first half of 2021.

The median sales tax in Fredericktown for the most recent year with available data, 2019, was $1,384, approximately 0.8 percent of the median home sale price for the first half of 2022.

The following table compares Fredericktown 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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