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Monday, November 25, 2024

Glen Carbon home prices fall in 2017

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The median sale price of a home sold in 2017 in Glen Carbon fell by $1,500 while total sales increased by 1.7%, according to BlockShopper.com.

From January through December of 2017, there were 241 homes sold, with a median sale price of $191,000 - a 0.8% decrease over the $192,500 median sale price for the previous year. There were 237 homes sold in Glen Carbon in 2016.

The median sales tax in Glen Carbon for 2017 was $4,494. In 2016, the median sales tax was $4,093. This marks an increase of 9.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.4%.

The following table compares Glen Carbon to other Madison County cities with similar median sales prices in 2017:

CityJan. - Dec. 2017 Home SalesJan. - Dec. 2016 Home Sales% change (Total Home Sales)Jan. - Dec. 2017 Median Sales PriceJan. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Maryville127149-14.8%$195,000$192,0001.6%
Glen Carbon2412371.7%$191,000$192,500-0.8%
Holiday Shores5564-14.1%$181,000$176,4502.6%
Edwardsville483535-9.7%$180,000$173,0004%
Worden40378.1%$168,500$79,000113.3%
Troy24519426.3%$167,000$162,5002.8%
St. Jacob191618.8%$163,000$131,50024%
Kendall Hill1112-8.3%$145,000$120,25020.6%
Grantfork5425%$143,000$147,700-3.2%
Dorsey11922.2%$142,200$219,000-35.1%
Highland251294-14.6%$130,000$146,700-11.4%

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