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Dubuque Times

Tuesday, November 12, 2019

Luxemburg home prices fall in the first half of 2017

Real Estate

By Local Labs News Service | Jul 7, 2017

Re 14

The median sale price of a home sold in the first half of 2017 in Luxemburg fell by $2,600 while total sales remained unchanged with two homes sold, according to BlockShopper.com.

From January through June of 2017, there were two homes sold, with a median sale price of $99,900 - a 2.5% decrease over the $102,500 median sale price for the same period of the previous year. There were two homes sold in Luxemburg in the first half of 2016, as well.

The median sales tax in Luxemburg for 2017 was $1,824. In 2016, the median sales tax was $1,652. This marks an increase of 10.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.8%.

The following table compares Luxemburg to other Dubuque County cities with similar median sales prices in the first half of 2017:

City
Jan. - June 2017 Home Sales
Jan. - June 2016 Home Sales
% change (Total Home Sales)
Jan. - June 2017 Median Sales Price
Jan. - June 2016 Median Sales Price
% change (Median Sales Price)
Peosta
20
23
-13%
$235,000
$232,000
1.3%
Epworth
13
14
-7.1%
$205,000
$144,000
42.4%
Farley
9
16
-43.8%
$170,000
$115,000
47.8%
Cascade
22
22
0%
$167,500
$150,000
11.7%
Balltown
1
1
0%
$162,000
$145,000
11.7%
Dyersville
41
43
-4.7%
$143,100
$131,000
9.2%
Dubuque
588
514
14.4%
$135,000
$124,950
8%
Holy Cross
3
3
0%
$123,500
$90,000
37.2%
New Vienna
3
2
50%
$118,000
$64,000
84.4%
Luxemburg
2
2
0%
$99,900
$102,500
-2.5%
Worthington
3
2
50%
$77,000
$85,750
-10.2%

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