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Monday, December 23, 2024

O'Fallon home prices rise in the third quarter of 2017

Realestate5

The median sale price of a home sold in the third quarter of 2017 in O'Fallon rose by $8,500 while total sales increased by 1.6%, according to BlockShopper.com.

From July through September of 2017, there were 189 homes sold, with a median sale price of $205,000 - a 4.3% increase over the $196,500 median sale price for the same period of the previous year. There were 186 homes sold in O'Fallon in the third quarter of 2016.

The median sales tax in O'Fallon for the most recent year with available data, 2016, was $4,354.60, approximately 2.1% of the median home sale price for the third quarter of 2017.

The following table compares O'Fallon to other St. Clair County cities with similar median sales prices in the third quarter of 2017:

CityJuly - Sept. 2017 Home SalesJuly - Sept. 2016 Home Sales% change (Total Home Sales)July - Sept. 2017 Median Sales PriceJuly - Sept. 2016 Median Sales Price% change (Median Sales Price)
Columbia21100%$214,000$353,000-39.4%
O'Fallon1891861.6%$205,000$196,5004.3%
Miller3250%$195,000$160,25021.7%
Shiloh60559.1%$192,250$189,0001.7%
Smithton241471.4%$190,000$201,500-5.7%
Millstadt2330-23.3%$190,000$197,500-3.8%
Mascoutah514513.3%$177,000$147,00020.4%
Lebanon2428-14.3%$175,000$103,75068.7%
Swansea665520%$167,750$180,000-6.8%
Freeburg26254%$136,250$142,000-4%
Collinsville238187.5%$130,000$131,000-0.8%

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