Palestine home prices fall in October 2020

Medium realestate2

The median sale price of a home sold in October 2020 in Palestine fell by $118,500 while total sales increased by 33.3%, according to BlockShopper.com.

In October 2020, there were four homes sold, with a median sale price of $31,500 - a 79% decrease over the $150,000 median sale price for the same period of the previous year. There were three homes sold in Palestine in October 2019.

The median sales tax in Palestine for the most recent year with available data, 2019, was $1,117, approximately 3.5% of the median home sale price for October 2020.

The following table compares Palestine to other Crawford County cities in October 2020:

CityOct. 2020 Home SalesOct. 2019 Home Sales% change (Total Home Sales)Oct. 2020 Median Sales PriceOct. 2019 Median Sales Price% change (Median Sales Price)
Oblong47-42.9%$105,000$35,000200%
Annapolis10-$80,000$0-
Robinson231827.8%$76,000$74,9501.4%
Hutsonville10-$32,000$0-
Palestine4333.3%$31,500$150,000-79%
Flat Rock01-100%$0$26,000-100%

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