The median sale price of a home sold in the first half of 2020 in Palmyra fell by $250 while total sales decreased by 37.5%, according to BlockShopper.com.
From January through June of 2020, there were five homes sold, with a median sale price of $155,000 - a 0.2% decrease over the $155,250 median sale price for the same period of the previous year. There were eight homes sold in Palmyra in the first half of 2019.
The median sales tax in Palmyra for the most recent year with available data, 2018, was $3,804, approximately 2.5% of the median home sale price for the first half of 2020.
The following table compares Palmyra to other Lee County cities with similar median sales prices in the first half of 2020:
| City | Jan. - June 2020 Home Sales | Jan. - June 2019 Home Sales | % change (Total Home Sales) | Jan. - June 2020 Median Sales Price | Jan. - June 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Nelson | 1 | 1 | 0% | $369,375 | $199,000 | 85.6% |
| Nachusa | 2 | 0 | - | $184,000 | $0 | - |
| Franklin Grove | 11 | 11 | 0% | $179,000 | $50,000 | 258% |
| Compton | 4 | 8 | -50% | $155,500 | $49,500 | 214.1% |
| Palmyra | 5 | 8 | -37.5% | $155,000 | $155,250 | -0.2% |
| Lee | 1 | 3 | -66.7% | $125,000 | $170,000 | -26.5% |
| Ashton | 4 | 4 | 0% | $120,000 | $68,500 | 75.2% |
| Dixon | 78 | 89 | -12.4% | $92,000 | $78,900 | 16.6% |
| Paw Paw | 5 | 7 | -28.6% | $92,000 | $111,000 | -17.1% |
| Amboy | 13 | 22 | -40.9% | $87,500 | $88,250 | -0.8% |
| Sublette | 2 | 2 | 0% | $83,000 | $65,000 | 27.7% |
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