Leipsic home prices fall in the second half of 2018

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The median sale price of a home sold in the second half of 2018 in Leipsic fell by $22,218 while total sales increased by 66.7%, according to BlockShopper.com.

From July through December of 2018, there were five homes sold, with a median sale price of $55,000 – a 28.8% decrease over the $77,218 median sale price for the same period of the previous year. There were three homes sold in Leipsic in the second half of 2017.

The median sales tax in Leipsic for the most recent year with available data, 2015, was $315, approximately 0.6% of the median home sale price for the second half of 2018.

The following table compares Leipsic to other Kent County cities with similar median sales prices in the second half of 2018:

City July – Dec. 2018 Home Sales July – Dec. 2017 Home Sales % change (Total Home Sales) July – Dec. 2018 Median Sales Price July – Dec. 2017 Median Sales Price % change (Median Sales Price)
Rodney Village 20 15 33.3% $118,750 $120,000 -1%
Marydel 15 5 200% $111,000 $155,000 -28.4%
Kenton 8 1 700% $99,375 $199,000 -50.1%
Star Hill 6 1 500% $84,875 $140,000 -39.4%
Bush Manor 1 3 -66.7% $81,500 $190,000 -57.1%
Woodside 2 3 -33.3% $75,416.50 $103,707 -27.3%
Bay View Heights 1 4 -75% $60,000 $184,950 -67.6%
Leipsic 5 3 66.7% $55,000 $77,218 -28.8%
Star Hill Village 4 2 100% $52,750 $35,000 50.7%
Capitol Park 8 5 60% $51,500 $45,000 14.4%
Woodland Beach 1 6 -83.3% $45,000 $19,625 129.3%


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