Verona home prices fall in the second quarter of 2020

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The median sale price of a home sold in the second quarter of 2020 in Verona fell by $252,500 while total sales increased by 50%, according to BlockShopper.com.

From April through June of 2020, there were three homes sold, with a median sale price of $80,000 - a 75.9% decrease over the $332,500 median sale price for the same period of the previous year. There were two homes sold in Verona in the second quarter of 2019.

The median sales tax in Verona for the most recent year with available data, 2018, was $3,456, approximately 4.3% of the median home sale price for the second quarter of 2020.

The following table compares Verona to other Grundy County cities with similar median sales prices in the second quarter of 2020:

CityApr. - June 2020 Home SalesApr. - June 2019 Home Sales% change (Total Home Sales)Apr. - June 2020 Median Sales PriceApr. - June 2019 Median Sales Price% change (Median Sales Price)
Diamond34-25%$255,000$180,00041.7%
Mazon113-92.3%$240,000$150,00060%
Minooka4064-37.5%$222,500$220,5000.9%
Morris4182-50%$184,000$200,750-8.3%
Coal City2437-35.1%$167,250$162,5002.9%
Gardner68-25%$152,500$137,50010.9%
Carbon Hill50-$144,000$0-
Braceville63100%$127,500$115,50010.4%
Lisbon North14-75%$122,000$172,500-29.3%
South Wilmington41300%$112,750$108,0004.4%
Verona3250%$80,000$332,500-75.9%

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