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Wednesday, December 25, 2024

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

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The median sale price of a home sold in the second half of 2019 in Rising Sun-Lebanon rose by $22,200 while total sales increased by 11.1%, according to BlockShopper.com.

From July through December of 2019, there were 40 homes sold, with a median sale price of $309,650 - a 7.7% increase over the $287,450 median sale price for the same period of the previous year. There were 36 homes sold in Rising Sun-Lebanon in the second half 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 half of 2019.

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

CityJuly - Dec. 2019 Home SalesJuly - Dec. 2018 Home Sales% change (Total Home Sales)July - Dec. 2019 Median Sales PriceJuly - Dec. 2018 Median Sales Price% change (Median Sales Price)
Bowers34-25%$345,000$179,50092.2%
Dogwood Meadows36-50%$323,653$288,50512.2%
Village at Chestnut Ridge2629-10.3%$317,634$331,529-4.2%
Garrison Lake Green12119.1%$311,000$261,50018.9%
Moores Lake Development46-33.3%$310,000$411,250-24.6%
Rising Sun-Lebanon403611.1%$309,650$287,4507.7%
Hickory Ridge38-62.5%$305,000$262,00016.4%
Brenford6520%$305,000$285,0007%
Magnolia98105-6.7%$301,028$289,9003.8%
Brookfield23-33.3%$293,000$281,0004.3%
Wind Song Farms63100%$290,664.50$295,000-1.5%

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