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Monday, November 25, 2024

Poplar Grove home prices fall in 2017

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The median sale price of a home sold in 2017 in Poplar Grove fell by $6,500 while total sales decreased by 4.5%, according to BlockShopper.com.

From January through December of 2017, there were 85 homes sold, with a median sale price of $145,000 - a 4.3% decrease over the $151,500 median sale price for the previous year. There were 89 homes sold in Poplar Grove in 2016.

The median sales tax in Poplar Grove for 2017 was $4,593. In 2016, the median sales tax was $4,301. This marks an increase of 6.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.2%.

The following table compares Poplar Grove to other Boone County cities in 2017:

CityJan. - Dec. 2017 Home SalesJan. - Dec. 2016 Home Sales% change (Total Home Sales)Jan. - Dec. 2017 Median Sales PriceJan. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Timberlane1719-10.5%$270,000$260,0003.8%
Loves Park2736-25%$234,000$226,2503.4%
Caledonia1927-29.6%$232,500$173,00034.4%
Poplar Grove8589-4.5%$145,000$151,500-4.3%
Garden Prairie13-66.7%$134,000$60,000123.3%
Belvidere3943891.3%$130,000$119,0009.2%
Candlewick Lake1069610.4%$105,000$113,250-7.3%
Capron16160%$84,000$94,250-10.9%

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