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Thursday, April 25, 2024

Wood River home prices rise in the first half of 2018

Realestate3

The median sale price of a home sold in the first half of 2018 in Wood River rose by $6,500 while total sales decreased by 22.9%, according to BlockShopper.com.

From January through June of 2018, there were 81 homes sold, with a median sale price of $72,500 - a 9.8% increase over the $66,000 median sale price for the same period of the previous year. There were 105 homes sold in Wood River in the first half of 2017.

The median sales tax in Wood River for the most recent year with available data, 2017, was $1,574, approximately 2.2% of the median home sale price for the first half of 2018.

The following table compares Wood River to other Madison County cities with similar median sales prices in the first half of 2018:

CityJan. - June 2018 Home SalesJan. - June 2017 Home Sales% change (Total Home Sales)Jan. - June 2018 Median Sales PriceJan. - June 2017 Median Sales Price% change (Median Sales Price)
Collinsville187214-12.6%$111,000$110,0000.9%
Meadowbrook440%$105,500$92,50014.1%
Bethalto98962.1%$98,750$109,450-9.8%
Rosewood Heights3841-7.3%$87,950$90,000-2.3%
Cedar Park550%$87,500$82,5006.1%
Wood River81105-22.9%$72,500$66,0009.8%
Mitchell84100%$71,750$74,500-3.7%
Pontoon Beach3133-6.1%$70,000$92,000-23.9%
Roxana171330.8%$68,500$62,4909.6%
Alton27322620.8%$59,900$63,000-4.9%
Granite City301343-12.2%$57,900$52,00011.3%

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