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Saturday, November 23, 2024

Newport News home prices fall in the second quarter of 2017

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The median sale price of a home sold in the second quarter of 2017 in Newport News fell by $9,000 while total sales increased by 82.5%, according to BlockShopper.com.

From April through June of 2017, there were 575 homes sold, with a median sale price of $165,000 - a 5.2% decrease over the $174,000 median sale price for the same period of the previous year. There were 315 homes sold in Newport News in the second quarter of 2016.

The median sales tax in Newport News for the most recent year with available data, 2015, was $3,024, approximately 1.8% of the median home sale price for the second quarter of 2017.

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