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Monday, November 25, 2024

East St. Louis home prices rise in the fourth quarter of 2017

Realestate1

The median sale price of a home sold in the fourth quarter of 2017 in East St. Louis rose by $3,500 while total sales increased by 37.5%, according to BlockShopper.com.

From October through December of 2017, there were 22 homes sold, with a median sale price of $13,500 - a 35% increase over the $10,000 median sale price for the same period of the previous year. There were 16 homes sold in East St. Louis in the fourth quarter of 2016.

The median sales tax in East St. Louis for the most recent year with available data, 2016, was $543.10, approximately 4% of the median home sale price for the fourth quarter of 2017.

The following table compares East St. Louis 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)
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%
Washington Park41300%$4,750$1,500216.7%
Alorton10-$4,000$0-

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