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Sunday, December 29, 2024

Rising Sun-Lebanon home prices fall in the second quarter of 2020

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The median sale price of a home sold in the second quarter of 2020 in Rising Sun-Lebanon fell by $1,510 while total sales decreased by 9.5%, according to BlockShopper.com.

From April through June of 2020, there were 19 homes sold, with a median sale price of $296,490 - a 0.5% decrease over the $298,000 median sale price for the same period of the previous year. There were 21 homes sold in Rising Sun-Lebanon in the second quarter of 2019.

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 2020.

The following table compares Rising Sun-Lebanon to other Kent County cities with similar median sales prices in the second quarter of 2020:

CityApr. - June 2020 Home SalesApr. - June 2019 Home Sales% change (Total Home Sales)Apr. - June 2020 Median Sales PriceApr. - June 2019 Median Sales Price% change (Median Sales Price)
Eagles Nest40-$302,450$0-
Brenford21100%$301,500$293,0002.9%
Magnolia574235.7%$300,000$305,100-1.7%
Hall Estates20-$300,000$0-
Pennwood110%$296,900$285,0004.2%
Rising Sun-Lebanon1921-9.5%$296,490$298,000-0.5%
Ryans Run24-50%$292,500$232,50025.8%
Garrison Lake Green52150%$284,900$299,950-5%
Voshell Mill42100%$284,000$312,450-9.1%
Dogwood Meadows25-60%$282,250$347,500-18.8%
Clayton2944-34.1%$275,000$277,450-0.9%

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