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Saturday, November 23, 2024

Smyrna (Kent County) home prices fall in the third quarter of 2018

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The median sale price of a home sold in the third quarter of 2018 in Smyrna in Kent County fell by $35,379 while total sales increased by 14.4%, according to BlockShopper.com.

From July through September of 2018, there were 119 homes sold, with a median sale price of $190,000 - a 15.7% decrease over the $225,379 median sale price for the same period of the previous year. There were 104 homes sold in Smyrna in the third quarter of 2017.

The median sales tax in Smyrna for the most recent year with available data, 2015, was $594, approximately 0.3% of the median home sale price for the third quarter of 2018.

The following table compares Smyrna to other Kent County cities with similar median sales prices in the third quarter of 2018:

CityJuly - Sept. 2018 Home SalesJuly - Sept. 2017 Home Sales% change (Total Home Sales)July - Sept. 2018 Median Sales PriceJuly - Sept. 2017 Median Sales Price% change (Median Sales Price)
Houston880%$209,500$95,450119.5%
Camden18175.9%$207,450$212,000-2.1%
Wynn Wood51400%$200,000$189,9005.3%
Kent Acres1314-7.1%$199,500$166,685.5019.7%
Brookfield13-66.7%$195,000$265,000-26.4%
Smyrna11910414.4%$190,000$225,379-15.7%
Ryans Run41300%$189,050$239,900-21.2%
Spruance City47-42.9%$188,770$180,0004.9%
Highland Acres131118.2%$188,000$209,900-10.4%
Viola24-50%$185,750$234,000-20.6%
Harrington2142-50%$183,000$141,577.5029.3%
* This story only considers sales data for the part of Smyrna that is in Kent County.

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