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Monday, November 25, 2024

South Roxana home prices fall in 2017

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The median sale price of a home sold in 2017 in South Roxana fell by $9,750 while total sales decreased by 25%, according to BlockShopper.com.

From January through December of 2017, there were 21 homes sold, with a median sale price of $27,000 - a 26.5% decrease over the $36,750 median sale price for the previous year. There were 28 homes sold in South Roxana in 2016.

The median sales tax in South Roxana for 2017 was $893. In 2016, the median sales tax was $875. This marks an increase of 2.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.3%.

The following table compares South Roxana 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)
Roxana25244.2%$62,490$51,50021.3%
Granite City611633-3.5%$55,000$55,0000%
New Douglas126100%$51,450$140,000-63.3%
Livingston211275%$46,000$42,5008.2%
Meadowbrook1012-16.7%$45,005.50$75,000-40%
Hartford2025-20%$43,250$35,00023.6%
South Roxana2128-25%$27,000$36,750-26.5%
Venice63100%$20,450$9,000127.2%
Madison3745-17.8%$20,000$15,00033.3%
Forest Homes45-20%$12,500$23,000-45.7%
State Park Place52150%$12,000$45,300-73.5%

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