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Monday, December 23, 2024

Poplar Grove home prices rise in May 2017

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The median sale price of a home sold in May 2017 in Poplar Grove rose by $26,000 while total sales increased by 62.5%, according to BlockShopper.com.

In May 2017, there were 13 homes sold, with a median sale price of $181,000 - a 16.8% increase over the $155,000 median sale price for the same period of the previous year. There were eight homes sold in Poplar Grove in May 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 2.5%.

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

CityMay 2017 Home SalesMay 2016 Home Sales% change (Total Home Sales)May 2017 Median Sales PriceMay 2016 Median Sales Price% change (Median Sales Price)
Caledonia330%$310,000$220,00040.9%
Timberlane3250%$275,000$393,250-30.1%
Loves Park23-33.3%$252,500$192,00031.5%
Poplar Grove13862.5%$181,000$155,00016.8%
Belvidere4145-8.9%$162,000$116,00039.7%
Garden Prairie10-$134,000$0-
Capron220%$99,000$86,25014.8%
Candlewick Lake114175%$87,500$114,000-23.2%

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