In August 2017, there were 25 homes sold, with a median sale price of $110,000 - a 9.5% decrease over the $121,500 median sale price for the same period of the previous year. There were 30 homes sold in Godfrey in August 2016.
The median sales tax in Godfrey for 2017 was $2,740. In 2016, the median sales tax was $2,665. This marks an increase of 2.8%. 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 Godfrey to other Madison County cities with similar median sales prices in August 2017:
| City | Aug. 2017 Home Sales | Aug. 2016 Home Sales | % change (Total Home Sales) | Aug. 2017 Median Sales Price | Aug. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Highland | 20 | 31 | -35.5% | $142,450 | $173,500 | -17.9% |
| Collinsville | 33 | 42 | -21.4% | $140,000 | $110,000 | 27.3% |
| Bethalto | 15 | 17 | -11.8% | $128,000 | $144,800 | -11.6% |
| Hamel | 2 | 3 | -33.3% | $118,250 | $117,500 | 0.6% |
| Cedar Park | 1 | 0 | - | $114,500 | $0 | - |
| Godfrey | 25 | 30 | -16.7% | $110,000 | $121,500 | -9.5% |
| Alhambra | 2 | 2 | 0% | $90,250 | $161,500 | -44.1% |
| Rosewood Heights | 6 | 13 | -53.8% | $90,000 | $92,500 | -2.7% |
| Wood River | 9 | 24 | -62.5% | $85,500 | $72,950 | 17.2% |
| East Alton | 10 | 6 | 66.7% | $83,500 | $63,250 | 32% |
| Pontoon Beach | 4 | 5 | -20% | $82,000 | $62,800 | 30.6% |
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