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Monday, February 24, 2025

Rising Sun-Lebanon home prices rise in August 2018

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The median sale price of a home sold in August 2018 in Rising Sun-Lebanon rose by $157,950 while total sales decreased by 33.3%, according to BlockShopper.com.

In August 2018, there were six homes sold, with a median sale price of $359,950 - a 78.2% increase over the $202,000 median sale price for the same period of the previous year. There were nine homes sold in Rising Sun-Lebanon in August 2017.

The median sales tax in Rising Sun-Lebanon for the most recent year with available data, 2015, was $1,013, approximately 0.3% of the median home sale price for August 2018.

The following table compares Rising Sun-Lebanon to other Kent County cities with similar median sales prices in August 2018:

CityAug. 2018 Home SalesAug. 2017 Home Sales% change (Total Home Sales)Aug. 2018 Median Sales PriceAug. 2017 Median Sales Price% change (Median Sales Price)
Hunters Ridge20-$402,500$0-
Rising Sun-Lebanon69-33.3%$359,950$202,00078.2%
Pennwood110%$355,000$275,00029.1%
Village at Chestnut Ridge4333.3%$336,462.50$120,000180.4%
Moores Lake Development31200%$333,300$175,00090.5%
Garrison Lake Green12-50%$305,500$247,50023.4%
Viola110%$300,000$101,250196.3%
Magnolia201353.8%$294,014.50$299,437-1.8%
Wind Song Farms10-$290,000$0-
Highland Acres4333.3%$273,000$220,00024.1%
Clayton302615.4%$271,750$201,75034.7%

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