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Sunday, November 24, 2024

East Alton home prices rise in 2017

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The median sale price of a home sold in 2017 in East Alton rose by $3,663 while total sales increased by 1.9%, according to BlockShopper.com.

From January through December of 2017, there were 110 homes sold, with a median sale price of $65,663 - a 5.9% increase over the $62,000 median sale price for the previous year. There were 108 homes sold in East Alton in 2016.

The median sales tax in East Alton for 2017 was $1,616. In 2016, the median sales tax was $1,580. This marks an increase of 2.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.5%.

The following table compares East Alton 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)
Alhambra1215-20%$100,000$131,000-23.7%
Rosewood Heights7179-10.1%$92,500$94,900-2.5%
Cedar Park126100%$91,500$70,75029.3%
Mitchell141216.7%$73,950$59,00025.3%
Pontoon Beach5759-3.4%$73,500$100,000-26.5%
East Alton1101081.9%$65,662.50$62,0005.9%
Wood River193198-2.5%$65,000$61,2506.1%
Alton473485-2.5%$64,000$54,00018.5%
Roxana25244.2%$62,490$51,50021.3%
Granite City611633-3.5%$55,000$55,0000%
New Douglas126100%$51,450$140,000-63.3%

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