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Kent County Today

Tuesday, November 5, 2024

Rising Sun-Lebanon median home prices rose by 24.8% in the second quarter of 2021

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The median sale price of a home sold in the second quarter of 2021 in Rising Sun-Lebanon rose by $73,510 while total sales decreased by 5.3%, according to BlockShopper.com.

From April through June of 2021, there were 18 homes sold, with a median sale price of $370,000 - a 24.8% increase over the $296,490 median sale price for the same period of the previous year. There were 19 homes sold in Rising Sun-Lebanon in the second quarter of 2020.

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 second quarter of 2021.

The following table compares Rising Sun-Lebanon to other Kent County cities with similar median sale prices in the second quarter of 2021:

CityApr. - June 2021 Home SalesApr. - June 2020 Home Sales% change (Total Home Sales)Apr. - June 2021 Median Sales PriceApr. - June 2020 Median Sales Price% change (Median Sales Price)
Brenford52150%$396,000$301,50031.3%
Wind Song Farms110%$390,000$482,196-19.1%
Dogwood Meadows3250%$379,900$282,25034.6%
Church Creek21100%$377,500$250,00051%
Ryans Run220%$375,000$292,50028.2%
Rising Sun-Lebanon1819-5.3%$370,000$296,49024.8%
Riverview12850%$365,000$250,00046%
Pennwood110%$360,000$296,90021.3%
Magnolia635710.5%$359,900$300,00020%
Moores Lake Development31200%$345,000$343,0000.6%
Brookfield30-$344,900$0-

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