From January through December of 2017, there were 17 homes sold, with a median sale price of $125,000 - a 11.7% decrease over the $141,500 median sale price for the previous year. There were 16 homes sold in Hamel in 2016.
The median sales tax in Hamel for 2017 was $3,647. In 2016, the median sales tax was $3,076. This marks an increase of 18.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.9%.
The following table compares Hamel to other Madison County cities with similar median sales prices in 2017:
| City | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Grantfork | 5 | 4 | 25% | $143,000 | $147,700 | -3.2% |
| Dorsey | 11 | 9 | 22.2% | $142,200 | $219,000 | -35.1% |
| Highland | 251 | 294 | -14.6% | $130,000 | $146,700 | -11.4% |
| Lakeview Acres | 6 | 5 | 20% | $127,950 | $134,000 | -4.5% |
| Marine | 13 | 30 | -56.7% | $125,000 | $129,050 | -3.1% |
| Hamel | 17 | 16 | 6.3% | $125,000 | $141,500 | -11.7% |
| Bethalto | 193 | 242 | -20.2% | $117,500 | $113,950 | 3.1% |
| Godfrey | 322 | 326 | -1.2% | $115,000 | $118,000 | -2.5% |
| Brooks | 2 | 2 | 0% | $110,000 | $66,959.50 | 64.3% |
| Collinsville | 433 | 465 | -6.9% | $110,000 | $107,500 | 2.3% |
| Moro | 20 | 40 | -50% | $108,700 | $143,000 | -24% |
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