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Kent County Today

Sunday, November 24, 2024

Rising Sun-Lebanon home prices rise in the third quarter of 2018

Realestate2

The median sale price of a home sold in the third quarter of 2018 in Rising Sun-Lebanon rose by $56,500 while total sales decreased by 8.3%, according to BlockShopper.com.

From July through September of 2018, there were 22 homes sold, with a median sale price of $293,500 - a 23.8% increase over the $237,000 median sale price for the same period of the previous year. There were 24 homes sold in Rising Sun-Lebanon in the third quarter of 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 the third quarter of 2018.

The following table compares Rising Sun-Lebanon 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)
Village at Chestnut Ridge136116.7%$332,044$266,142.5024.8%
Wind Song Farms21100%$324,790$336,381-3.4%
Voshell Mill14-75%$322,000$322,500-0.2%
Dogwood Meadows34-25%$300,000$290,9393.1%
Cheswold Farms21100%$299,000$275,0008.7%
Rising Sun-Lebanon2224-8.3%$293,500$237,00023.8%
Magnolia564330.2%$289,900$300,000-3.4%
Brenford440%$285,000$232,50022.6%
Voshell Cove220%$279,950$172,40062.4%
Hickory Ridge5425%$272,000$336,000-19%
Hammville3250%$270,000$140,009.5092.8%

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