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Friday, December 27, 2024

Lebanon home prices rise in September 2017

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The median sale price of a home sold in September 2017 in Lebanon rose by $162,000 while total sales decreased by 22.2%, according to BlockShopper.com.

In September 2017, there were seven homes sold, with a median sale price of $264,500 - a 158% increase over the $102,500 median sale price for the same period of the previous year. There were nine homes sold in Lebanon in September 2016.

The median sales tax in Lebanon for the most recent year with available data, 2016, was $2,781, approximately 1.1% of the median home sale price for September 2017.

The following table compares Lebanon to other St. Clair County cities with similar median sales prices in September 2017:

CitySept. 2017 Home SalesSept. 2016 Home Sales% change (Total Home Sales)Sept. 2017 Median Sales PriceSept. 2016 Median Sales Price% change (Median Sales Price)
Millstadt48-50%$304,750$135,000125.7%
Lebanon79-22.2%$264,500$102,500158%
O'Fallon4464-31.3%$205,000$190,0007.9%
Shiloh2021-4.8%$195,500$178,0009.8%
Smithton56-16.7%$191,000$194,000-1.5%
Caseyville48-50%$179,000$48,750267.2%
Mascoutah141040%$168,250$181,250-7.2%
Swansea161323.1%$161,000$145,50010.7%
Freeburg9650%$130,000$151,500-14.2%
St. Libory110%$130,000$135,000-3.7%
Fairview Heights362924.1%$127,500$96,50032.1%

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