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Friday, January 31, 2025

Rising Sun-Lebanon home prices rise in October 2018

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The median sale price of a home sold in October 2018 in Rising Sun-Lebanon rose by $90,000 while total sales decreased by 28.6%, according to BlockShopper.com.

In October 2018, there were five homes sold, with a median sale price of $300,000 - a 42.9% increase over the $210,000 median sale price for the same period of the previous year. There were seven homes sold in Rising Sun-Lebanon in October 2017.

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 October 2018.

The following table compares Rising Sun-Lebanon to other Kent County cities with similar median sales prices in October 2018:

CityOct. 2018 Home SalesOct. 2017 Home Sales% change (Total Home Sales)Oct. 2018 Median Sales PriceOct. 2017 Median Sales Price% change (Median Sales Price)
Moores Lake Development10-$467,500$0-
Village at Chestnut Ridge83166.7%$334,546$161,500107.1%
Rising Sun-Lebanon57-28.6%$300,000$210,00042.9%
Wind Song Farms110%$295,000$342,500-13.9%
Magnolia211910.5%$290,700$265,0009.7%
Dogwood Meadows13-66.7%$287,000$255,00012.5%
Garrison Lake Green31200%$272,000$110,000147.3%
Smyrna473823.7%$260,500$222,50017.1%
Hickory Ridge10-$252,000$0-
Brookhaven Estates12-50%$250,000$155,69460.6%
Lakeshore Village10-$247,000$0-

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