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Monday, November 25, 2024

Marissa 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 Marissa fell by $14,250 while total sales decreased by 14.3%, according to BlockShopper.com.

From July through December of 2017, there were 12 homes sold, with a median sale price of $49,000 - a 22.5% decrease over the $63,250 median sale price for the same period of the previous year. There were 14 homes sold in Marissa in the second half of 2016.

The median sales tax in Marissa for the most recent year with available data, 2016, was $1,379, approximately 2.8% of the median home sale price for the second half of 2017.

The following table compares Marissa 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)
Oak Hills21100%$66,000$78,500-15.9%
North Dupo20-$64,000$0-
Crest Hill63100%$60,750$98,000-38%
Dupo333010%$55,000$84,250-34.7%
Lenzburg63100%$49,250$38,50027.9%
Marissa1214-14.3%$49,000$63,250-22.5%
Fairmont City12850%$40,500$36,50011%
Cahokia1481368.8%$27,000$21,25027.1%
Alorton31200%$15,000$15,0000%
East Carondelet110%$11,000$34,000-67.6%
East St. Louis444010%$10,750$11,250-4.4%

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