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Saturday, November 16, 2024

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

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The median sale price of a home sold in the third quarter of 2019 in Rising Sun-Lebanon rose by $16,500 while total sales decreased by 9.1%, according to BlockShopper.com.

From July through September of 2019, there were 20 homes sold, with a median sale price of $310,000 - a 5.6% increase over the $293,500 median sale price for the same period of the previous year. There were 22 homes sold in Rising Sun-Lebanon in the third 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 third quarter of 2019.

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

CityJuly - Sept. 2019 Home SalesJuly - Sept. 2018 Home Sales% change (Total Home Sales)July - Sept. 2019 Median Sales PriceJuly - Sept. 2018 Median Sales Price% change (Median Sales Price)
Bowers12-50%$345,000$31,750986.6%
Village at Chestnut Ridge14137.7%$334,900$332,0440.9%
Wind Song Farms220%$325,676.50$324,7900.3%
Dogwood Meadows330%$323,653$300,0007.9%
Garrison Lake Green7540%$312,000$240,00030%
Rising Sun-Lebanon2022-9.1%$310,000$293,5005.6%
Moores Lake Development440%$310,000$401,650-22.8%
Hickory Ridge35-40%$305,000$272,00012.1%
Magnolia5056-10.7%$302,208.50$289,9004.2%
Clayton68663%$273,348.50$242,45012.7%
Summerfield Village10-$272,000$0-

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