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Monday, November 11, 2019

Worthington home prices fall in the fourth quarter of 2017

Real Estate

By Local Labs News Service | Jan 7, 2018

Re 11

The median sale price of a home sold in the fourth quarter of 2017 in Worthington fell by $91,900 while total sales decreased by 40%, according to BlockShopper.com.

From October through December of 2017, there were three homes sold, with a median sale price of $38,000 - a 70.7% decrease over the $129,900 median sale price for the same period of the previous year. There were five homes sold in Worthington in the fourth quarter of 2016.

The median sales tax in Worthington for 2017 was $1,578. In 2016, the median sales tax was $1,427. This marks an increase of 10.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 4.2%.

The following table compares Worthington to other Dubuque County cities in the fourth quarter of 2017:

City
Oct. - Dec. 2017 Home Sales
Oct. - Dec. 2016 Home Sales
% change (Total Home Sales)
Oct. - Dec. 2017 Median Sales Price
Oct. - Dec. 2016 Median Sales Price
% change (Median Sales Price)
Asbury
25
27
-7.4%
$248,000
$221,900
11.8%
Peosta
9
10
-10%
$240,000
$232,500
3.2%
Holy Cross
1
1
0%
$170,000
$110,000
54.5%
Dyersville
17
25
-32%
$155,000
$117,500
31.9%
Farley
5
2
150%
$143,500
$170,000
-15.6%
Epworth
7
5
40%
$139,900
$175,000
-20.1%
Dubuque
272
271
0.4%
$136,500
$131,000
4.2%
Cascade
8
5
60%
$133,250
$89,900
48.2%
New Vienna
1
2
-50%
$87,000
$89,650.50
-3%
Worthington
3
5
-40%
$38,000
$129,900
-70.7%
Balltown
0
0
-
$0
$0
-
Luxemburg
0
3
-100%
$0
$86,571.50
-100%

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