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Monday, November 25, 2024

O'Fallon home prices rise in 2017

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The median sale price of a home sold in 2017 in O'Fallon rose by $10,250 while total sales decreased by 2.2%, according to BlockShopper.com.

From January through December of 2017, there were 590 homes sold, with a median sale price of $199,250 - a 5.4% increase over the $189,000 median sale price for the previous year. There were 603 homes sold in O'Fallon in 2016.

The median sales tax in O'Fallon for the most recent year with available data, 2016, was $4,355, approximately 2.2% of the median home sale price for 2017.

The following table compares O'Fallon to other St. Clair 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)
Columbia23-33.3%$214,000$353,000-39.4%
O'Fallon590603-2.2%$199,250$189,0005.4%
Shiloh198199-0.5%$197,250$193,5001.9%
Miller131030%$188,000$155,00021.3%
Smithton78728.3%$180,000$201,250-10.6%
Mascoutah1681661.2%$166,500$157,0006.1%
Millstadt80739.6%$162,000$156,0003.8%
Swansea220232-5.2%$159,500$146,5008.9%
Freeburg75707.1%$142,500$159,000-10.4%
St. Libory880%$126,250$88,50042.7%
Lebanon7290-20%$123,500$105,00017.6%

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