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Tuesday, November 26, 2024

Hills home prices fall in the second half of 2017

Realestate2

The median sale price of a home sold in the second half of 2017 in Hills fell by $42,400 while total sales decreased by 76.9%, according to BlockShopper.com.

From July through December of 2017, there were three homes sold, with a median sale price of $137,500 - a 23.6% decrease over the $179,900 median sale price for the same period of the previous year. There were 13 homes sold in Hills in the second half of 2016.

The median sales tax in Hills for the most recent year with available data, 2016, was $2,194, approximately 1.6% of the median home sale price for the second half of 2017.

The following table compares Hills to other Johnson County cities in the second half of 2017:

CityJuly - Dec. 2017 Home SalesJuly - Dec. 2016 Home Sales% change (Total Home Sales)July - Dec. 2017 Median Sales PriceJuly - Dec. 2016 Median Sales Price% change (Median Sales Price)
Iowa City432853.6%$330,000$320,0003.1%
University Heights272222.7%$285,000$235,00021.3%
Tiffin5051-2%$199,900$210,000-4.8%
Coralville221233-5.2%$195,000$194,5000.3%
North Liberty222257-13.6%$188,200$190,000-0.9%
Lone Tree1222-45.5%$153,500$102,50049.8%
Hills313-76.9%$137,500$179,900-23.6%

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