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Thursday, April 25, 2024

Freeburg home prices rise in the first quarter of 2017

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The median sale price of a home sold in the first quarter of 2017 in Freeburg rose by $51,000 while total sales decreased by 15.4%, according to BlockShopper.com.

From January through March of 2017, there were 11 homes sold, with a median sale price of $178,000 - a 40.2% increase over the $127,000 median sale price for the same period of the previous year. There were 13 homes sold in Freeburg in the first quarter of 2016.

The median sales tax in Freeburg for the most recent year with available data, 2016, was $3,729.70, approximately 2.1% of the median home sale price for the first quarter of 2017.

The following table compares Freeburg to other St. Clair County cities with similar median sales prices in the first quarter of 2017:

CityJan. - Mar. 2017 Home SalesJan. - Mar. 2016 Home Sales% change (Total Home Sales)Jan. - Mar. 2017 Median Sales PriceJan. - Mar. 2016 Median Sales Price% change (Median Sales Price)
Miller220%$189,250$145,25030.3%
Freeburg1113-15.4%$178,000$127,00040.2%
Shiloh3542-16.7%$165,000$180,000-8.3%
Briar Hill42100%$164,500$132,50024.2%
Mascoutah2832-12.5%$163,750$140,00017%
O'Fallon98962.1%$153,000$188,500-18.8%
Smithton141216.7%$145,750$109,00033.7%
Swansea4143-4.7%$144,000$143,0000.7%
Millstadt191258.3%$141,000$153,000-7.8%
Lebanon1522-31.8%$130,000$107,00021.5%
Collinsville161145.5%$118,750$67,00077.2%

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