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Wednesday, October 16, 2024

Rising Sun-Lebanon home prices rise in the second quarter of 2019

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The median sale price of a home sold in the second quarter of 2019 in Rising Sun-Lebanon rose by $33,080 while total sales increased by 23.5%, according to BlockShopper.com.

From April through June of 2019, there were 21 homes sold, with a median sale price of $298,000 - a 12.5% increase over the $264,920 median sale price for the same period of the previous year. There were 17 homes sold in Rising Sun-Lebanon in the second quarter of 2018.

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 the second quarter of 2019.

The following table compares Rising Sun-Lebanon to other Kent County cities with similar median sales prices in the second quarter of 2019:

CityApr. - June 2019 Home SalesApr. - June 2018 Home Sales% change (Total Home Sales)Apr. - June 2019 Median Sales PriceApr. - June 2018 Median Sales Price% change (Median Sales Price)
Dogwood Meadows550%$347,500$280,80023.8%
Cheswold Farms330%$315,000$250,00026%
Voshell Mill21100%$312,450$166,00088.2%
Magnolia4252-19.2%$305,100$255,65419.3%
Garrison Lake Green24-50%$299,950$263,75013.7%
Rising Sun-Lebanon211723.5%$298,000$264,92012.5%
Village at Chestnut Ridge729-75.9%$295,000$299,000-1.3%
Brenford15-80%$293,000$234,90024.7%
Hammville110%$287,000$79,800259.6%
Pennwood110%$285,000$445,000-36%
Highland Acres1213-7.7%$282,332.50$188,27250%

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