In August 2017, there were nine homes sold, with a median sale price of $85,500 - a 17.2% increase over the $72,950 median sale price for the same period of the previous year. There were 24 homes sold in Wood River in August 2016.
The median sales tax in Wood River for 2017 was $1,574. In 2016, the median sales tax was $1,524. This marks an increase of 3.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.8%.
The following table compares Wood River 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) |
|---|---|---|---|---|---|---|
| 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% |
| Roxana | 2 | 7 | -71.4% | $72,250 | $30,000 | 140.8% |
| Mitchell | 2 | 1 | 100% | $69,500 | $26,400 | 163.3% |
| Grantfork | 1 | 0 | - | $68,500 | $0 | - |
Alerts Sign-up