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Tuesday, April 23, 2024

Alton home prices fall in the second quarter of 2018

Realestate2

The median sale price of a home sold in the second quarter of 2018 in Alton fell by $8,999.50 while total sales increased by 8%, according to BlockShopper.com.

From April through June of 2018, there were 148 homes sold, with a median sale price of $58,000.50 - a 13.4% decrease over the $67,000 median sale price for the same period of the previous year. There were 137 homes sold in Alton in the second quarter of 2017.

The median sales tax in Alton for the most recent year with available data, 2017, was $1,537.30, approximately 2.7% of the median home sale price for the second quarter of 2018.

The following table compares Alton to other Madison County cities with similar median sales prices in the second quarter of 2018:

CityApr. - June 2018 Home SalesApr. - June 2017 Home Sales% change (Total Home Sales)Apr. - June 2018 Median Sales PriceApr. - June 2017 Median Sales Price% change (Median Sales Price)
Cedar Park42100%$86,250$91,250-5.5%
Wood River5161-16.4%$77,000$68,50012.4%
Mitchell3250%$72,000$124,950-42.4%
Roxana11922.2%$68,500$49,90037.3%
Granite City165183-9.8%$65,000$56,50015%
Alton1481378%$58,000.50$67,000-13.4%
New Douglas24-50%$57,250$48,763.7217.4%
East Alton353112.9%$55,500$73,900-24.9%
Livingston14-75%$41,000$64,000-35.9%
Hartford105100%$37,159.60$64,000-41.9%
South Roxana660%$31,000$29,5005.1%

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