From October through December of 2017, there were four homes sold, with a median sale price of $77,950 - a 47.7% increase over the $52,760 median sale price for the same period of the previous year. There were two homes sold in Mitchell in the fourth quarter of 2016.
The median sales tax in Mitchell for 2017 was $1,210.24. In 2016, the median sales tax was $1,300.40. This marks an decrease of 6.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.6%.
The following table compares Mitchell to other Madison County cities with similar median sales prices in the fourth quarter of 2017:
| City | Oct. - Dec. 2017 Home Sales | Oct. - Dec. 2016 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2017 Median Sales Price | Oct. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Collinsville | 110 | 100 | 10% | $105,250 | $112,250 | -6.2% |
| Moro | 5 | 9 | -44.4% | $105,000 | $173,000 | -39.3% |
| Rosewood Heights | 18 | 12 | 50% | $94,700 | $99,950 | -5.3% |
| Cedar Park | 5 | 2 | 150% | $92,000 | $61,000 | 50.8% |
| Lakeview Acres | 1 | 1 | 0% | $85,000 | $205,000 | -58.5% |
| Mitchell | 4 | 2 | 100% | $77,950 | $52,760 | 47.7% |
| Alton | 120 | 125 | -4% | $67,500 | $51,000 | 32.4% |
| East Alton | 26 | 23 | 13% | $66,500 | $52,000 | 27.9% |
| Meadowbrook | 2 | 4 | -50% | $65,950 | $75,000 | -12.1% |
| New Douglas | 4 | 2 | 100% | $62,000 | $117,250 | -47.1% |
| Granite City | 111 | 172 | -35.5% | $60,000 | $57,750 | 3.9% |
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