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Tuesday, December 24, 2024

Marissa home prices fall in the third quarter of 2017

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The median sale price of a home sold in the third quarter of 2017 in Marissa fell by $16,500 while total sales decreased by 22.2%, according to BlockShopper.com.

From July through September of 2017, there were seven homes sold, with a median sale price of $50,000 - a 24.8% decrease over the $66,500 median sale price for the same period of the previous year. There were nine homes sold in Marissa in the third quarter of 2016.

The median sales tax in Marissa for the most recent year with available data, 2016, was $1,379.10, approximately 2.8% of the median home sale price for the third quarter of 2017.

The following table compares Marissa 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)
Briar Hill20-$83,000$0-
St. Libory24-50%$77,250$105,500-26.8%
New Athens67-14.3%$75,750$105,000-27.9%
Oak Hills21100%$66,000$78,500-15.9%
Crest Hill52150%$60,000$61,500-2.4%
Marissa79-22.2%$50,000$66,500-24.8%
Lenzburg220%$49,250$30,25062.8%
Fairmont City7616.7%$40,000$36,5009.6%
Dupo171421.4%$33,000$79,000-58.2%
Alorton21100%$32,500$15,000116.7%
Cahokia73695.8%$20,500$20,0002.5%

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