Solon Springs Real Estate Market Sees Home Sales Fall

Home sales in the Solon Springs market have steadily topped the monthly average for some time. However, this week the numbers came down by 50.0% to come in at one home sold during the last 30 days. On the other hand, close-by Shell Lake registered two homes sold in the same time frame, the most of all surrounding cities. The median sales price tumbled to $43,000 over the latest reporting period for Solon Springs, down from $94,000. Despite the slip in sales, a relatively low one month of inventory indicates that Solon Springs is a definite seller's market.

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Demographic facts about Solon Springs:

  • This area has a rating of 48 for the population growth. (Scale: 1 = Worst, 100 = Best)
  • The ratio for physicians is 54.3 for every 100,000 people.
  • The health cost index score in this area is 105.6. (100 = national average)
  • 68.8% of the residents commute to work alone in their car, 16.2% via carpool, and 0.0% by way of public transit.

Data reported through 10/12/2016

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