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Rockford Sun

Sunday, May 5, 2024

Home valuation prices increased in Boone County in August 2023, compared to August 2022

Realestate2

In August 2023, the median sale price of a home in Boone County rose by $48,250 from the same period in the previous year, while total sales decreased by 42%, according to BlockShopper.com.

Data shows that there were 40 homes sold in August 2023, with a median sale price of $241,250 - a 25% increase over the $193,000 median sale price for the same period of the previous year. There were 69 homes sold in Boone County in August 2022.

For context, the median sales tax in Boone County, based on the latest available data from 2021, was $4,153, which stands at 1.7% of August 2023's median home sale price.

The following histogram displays changes in median sales prices in Boone County from August 2022 to August 2023.

August 2022September 2022October 2022November 2022December 2022January 2023February 2023March 2023April 2023May 2023June 2023July 2023August 2023$193,000$193,000$197,500$197,500$207,500$207,500$195,000$195,000$165,000$165,000$165,000$165,000$189,900$189,900$197,450$197,450$219,950$219,950$100,000$100,000$265,000$265,000$235,000$235,000$241,250$241,250

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