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Monday, November 25, 2024

Marissa home prices fall in the fourth quarter of 2017

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The median sale price of a home sold in the fourth quarter of 2017 in Marissa fell by $12,000 while total sales remained unchanged with five homes sold, according to BlockShopper.com.

From October through December of 2017, there were five homes sold, with a median sale price of $48,000 - a 20% decrease over the $60,000 median sale price for the same period of the previous year. There were five homes sold in Marissa in the fourth quarter of 2016, as well.

The median sales tax in Marissa for the most recent year with available data, 2016, was $1,379.10, approximately 2.9% of the median home sale price for the fourth quarter of 2017.

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

CityOct. - Dec. 2017 Home SalesOct. - Dec. 2016 Home Sales% change (Total Home Sales)Oct. - Dec. 2017 Median Sales PriceOct. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Crest Hill110%$61,500$98,000-37.2%
New Athens9650%$59,500$95,000-37.4%
Caseyville2325-8%$54,000$62,000-12.9%
Fairmont City52150%$53,500$30,00078.3%
Briar Hill20-$49,000$0-
Marissa550%$48,000$60,000-20%
Lenzburg41300%$41,750$48,500-13.9%
Cahokia756711.9%$30,000$23,00030.4%
East St. Louis221637.5%$13,500$10,00035%
East Carondelet110%$11,000$34,000-67.6%
Centreville105100%$8,000$10,000-20%

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