From January through March of 2017, there were 160 homes sold, with a median sale price of $43,750 - a 15% decrease over the $51,500 median sale price for the same period of the previous year. There were 136 homes sold in Granite City in the first quarter of 2016.
The median sales tax in Granite City for 2017 was $1,486.84. In 2016, the median sales tax was $1,515.40. This marks an decrease of 1.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.4%.
The following table compares Granite City to other Madison County cities with similar median sales prices in the first quarter of 2017:
| City | Jan. - Mar. 2017 Home Sales | Jan. - Mar. 2016 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2017 Median Sales Price | Jan. - Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Cedar Park | 3 | 0 | - | $78,500 | $0 | - |
| Hamel | 6 | 3 | 100% | $78,500 | $181,000 | -56.6% |
| Wood River | 44 | 40 | 10% | $64,500 | $60,000 | 7.5% |
| Alton | 89 | 96 | -7.3% | $62,000 | $58,623.50 | 5.8% |
| Alhambra | 1 | 1 | 0% | $55,000 | $205,000 | -73.2% |
| Granite City | 160 | 136 | 17.6% | $43,750 | $51,500 | -15% |
| East Alton | 32 | 17 | 88.2% | $39,250 | $65,000 | -39.6% |
| Hartford | 4 | 7 | -42.9% | $37,250 | $35,000 | 6.4% |
| South Roxana | 5 | 4 | 25% | $27,000 | $52,250 | -48.3% |
| Venice | 1 | 2 | -50% | $26,000 | $11,002.50 | 136.3% |
| Mitchell | 2 | 2 | 0% | $20,000 | $30,000 | -33.3% |
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