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Macon Reporter

Sunday, November 24, 2024

Niantic home prices rise in the first quarter of 2018

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The median sale price of a home sold in the first quarter of 2018 in Niantic rose by $14,250 while total sales increased by 100%, according to BlockShopper.com.

From January through March of 2018, there were four homes sold, with a median sale price of $51,750 - a 38% increase over the $37,500 median sale price for the same period of the previous year. There were two homes sold in Niantic in the first quarter of 2017.

The median sales tax in Niantic for the most recent year with available data, 2017, was $1,890.90, approximately 3.7% of the median home sale price for the first quarter of 2018.

The following table compares Niantic to other Macon County cities with similar median sales prices in the first quarter of 2018:

CityJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
Mount Zion1117-35.3%$122,000$115,0006.1%
Blue Mound72250%$118,000$84,25040.1%
Warrensburg7475%$88,000$80,272.509.6%
Argenta14-75%$87,500$57,20053%
Long Creek710-30%$80,000$128,450-37.7%
Harristown910-10%$80,000$73,5008.8%
Maroa103233.3%$75,500$38,50096.1%
Niantic42100%$51,750$37,50038%
Oreana220%$51,250$108,666.50-52.8%
Decatur2222181.8%$40,250$50,000-19.5%
Macon14-75%$28,000$105,875-73.6%

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