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Kent County Today

Wednesday, November 6, 2024

Rising Sun-Lebanon home prices rise in the third quarter of 2020

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The median sale price of a home sold in the third quarter of 2020 in Rising Sun-Lebanon rose by $2,470 while total sales increased by 20%, according to BlockShopper.com.

From July through September of 2020, there were 24 homes sold, with a median sale price of $312,470 - a 0.8% increase over the $310,000 median sale price for the same period of the previous year. There were 20 homes sold in Rising Sun-Lebanon in the third quarter of 2019.

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 2020.

The following table compares Rising Sun-Lebanon to other Kent County cities with similar median sales prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Wind Song Farms12-50%$431,500$325,676.5032.5%
Hickory Ridge23-33.3%$399,950$305,00031.1%
Voshell Mill6450%$363,264.50$226,73860.2%
Village at Chestnut Ridge514-64.3%$333,807$334,900-0.3%
Dogwood Meadows330%$315,000$323,653-2.7%
Rising Sun-Lebanon242020%$312,470$310,0000.8%
Big Oak Corners10-$311,000$0-
Foxhall Courtside135160%$310,000$137,000126.3%
Hammville110%$310,000$219,50041.2%
Magnolia735046%$308,000$302,208.501.9%
Clayton5668-17.6%$306,500$273,348.5012.1%

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