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Wednesday, April 24, 2024

Moro home prices rise in the third quarter of 2018

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The median sale price of a home sold in the third quarter of 2018 in Moro rose by $54,549.50 while total sales increased by 33.3%, according to BlockShopper.com.

From July through September of 2018, there were eight homes sold, with a median sale price of $229,500 - a 31.2% increase over the $174,950.50 median sale price for the same period of the previous year. There were six homes sold in Moro in the third quarter of 2017.

The median sales tax in Moro for the most recent year with available data, 2017, was $2,776.50, approximately 1.2% of the median home sale price for the third quarter of 2018.

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

CityJuly - Sept. 2018 Home SalesJuly - Sept. 2017 Home Sales% change (Total Home Sales)July - Sept. 2018 Median Sales PriceJuly - Sept. 2017 Median Sales Price% change (Median Sales Price)
Moro8633.3%$229,500$174,950.5031.2%
Maryville473727%$227,500$185,00023%
New Douglas13-66.7%$223,000$52,900321.6%
Holiday Shores221822.2%$203,000$188,5007.7%
Glen Carbon765733.3%$197,500$183,0007.9%
Troy6678-15.4%$189,950$174,9508.6%
Edwardsville1431365.1%$185,000$194,450-4.9%
Worden13944.4%$175,000$210,000-16.7%
Marine62200%$162,000$267,500-39.4%
Highland6467-4.5%$154,500$135,00014.4%
Alhambra6450%$150,000$90,25066.2%

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