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Sunday, November 24, 2024

Columbia home prices fall in the second half of 2017

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The median sale price of a home sold in the second half of 2017 in Columbia fell by $139,000 while total sales decreased by 33.3%, according to BlockShopper.com.

From July through December of 2017, there were two homes sold, with a median sale price of $214,000 - a 39.4% decrease over the $353,000 median sale price for the same period of the previous year. There were three homes sold in Columbia in the second half of 2016.

The median sales tax in Columbia for the most recent year with available data, 2016, was $6,443, approximately 3% of the median home sale price for the second half of 2017.

The following table compares Columbia to other St. Clair County cities with similar median sales prices in the second half of 2017:

CityJuly - Dec. 2017 Home SalesJuly - Dec. 2016 Home Sales% change (Total Home Sales)July - Dec. 2017 Median Sales PriceJuly - Dec. 2016 Median Sales Price% change (Median Sales Price)
Columbia23-33.3%$214,000$353,000-39.4%
O'Fallon312319-2.2%$205,000$188,0009%
Shiloh104986.1%$199,750$205,750-2.9%
Smithton3839-2.6%$189,750$200,000-5.1%
Miller84100%$188,500$156,25020.6%
Millstadt4344-2.3%$176,000$166,2505.9%
Mascoutah7988-10.2%$173,500$157,00010.5%
Swansea1161078.4%$160,000$150,0006.7%
Freeburg504316.3%$149,500$159,000-6%
Fairview Heights1761750.6%$115,750$113,0002.4%
Collinsville382552%$113,000$108,0004.6%

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