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NE Franklin News

Thursday, November 28, 2024

New Albany median home prices fell by 32.3% in August 2020

Realestate077

The median sale price of a home sold in August 2020 in New Albany fell by $198,000 while total sales decreased by 25%, according to BlockShopper.com.

In August 2020, there were 12 homes sold, with a median sale price of $415,500 - a 32.3% decrease over the $613,500 median sale price for the same period of the previous year. There were 16 homes sold in New Albany in August 2019.

The median sales tax in New Albany for the most recent year with available data, 2019, was $12,245, approximately 2.9% of the median home sale price for August 2020.

The following table compares New Albany to other Franklin County cities with similar median sale prices in August 2020:

CityAug. 2020 Home SalesAug. 2019 Home Sales% change (Total Home Sales)Aug. 2020 Median Sales PriceAug. 2019 Median Sales Price% change (Median Sales Price)
Upper Arlington2040-50%$480,500$459,9504.5%
Worthington Hills10-$442,000$0-
New Albany1216-25%$415,500$613,500-32.3%
Dublin2228-21.4%$400,500$391,5002.3%
Bexley315-80%$325,000$332,000-2.1%
Grandview Heights25-60%$318,450$477,000-33.2%
Hilliard1835-48.6%$308,450$259,00019.1%
Worthington48-50%$303,120.50$235,60028.7%
Canal Winchester45-20%$277,450$207,50033.7%
Blacklick1011-9.1%$270,250$250,0008.1%
Pinhook12-50%$265,000$179,25047.8%

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