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Friday, April 19, 2024

East Alton home prices fall in the first half of 2018

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The median sale price of a home sold in the first half of 2018 in East Alton fell by $23,800 while total sales decreased by 4.8%, according to BlockShopper.com.

From January through June of 2018, there were 60 homes sold, with a median sale price of $38,200 - a 38.4% decrease over the $62,000 median sale price for the same period of the previous year. There were 63 homes sold in East Alton in the first half of 2017.

The median sales tax in East Alton for the most recent year with available data, 2017, was $1,616, approximately 4.2% of the median home sale price for the first half of 2018.

The following table compares East Alton 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)
Alton27322620.8%$59,900$63,000-4.9%
Granite City301343-12.2%$57,900$52,00011.3%
New Douglas25-60%$57,250$50,00014.5%
Brooks31200%$48,000$160,000-70%
Livingston56-16.7%$41,000$45,500-9.9%
East Alton6063-4.8%$38,200$62,000-38.4%
South Roxana12119.1%$37,250$27,00038%
Hartford17988.9%$37,000$41,500-10.8%
State Park Place61500%$27,500$8,000243.8%
Madison231376.9%$21,500$18,00019.4%
Forest Homes13-66.7%$12,500$5,000150%

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