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Sunday, November 24, 2024

Millstadt home prices fall in August 2018

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The median sale price of a home sold in August 2018 in Millstadt fell by $48,500 while total sales decreased by 50%, according to BlockShopper.com.

In August 2018, there were five homes sold, with a median sale price of $174,000 - a 21.8% decrease over the $222,500 median sale price for the same period of the previous year. There were 10 homes sold in Millstadt in August 2017.

The median sales tax in Millstadt for the most recent year with available data, 2016, was $4,120, approximately 2.4% of the median home sale price for August 2018.

The following table compares Millstadt to other St. Clair County cities with similar median sales prices in August 2018:

CityAug. 2018 Home SalesAug. 2017 Home Sales% change (Total Home Sales)Aug. 2018 Median Sales PriceAug. 2017 Median Sales Price% change (Median Sales Price)
Freeburg7475%$210,500$161,25030.5%
O'Fallon5964-7.8%$200,000$194,0003.1%
Smithton141040%$198,250$161,50022.8%
Millstadt510-50%$174,000$222,500-21.8%
Shiloh272128.6%$165,000$191,500-13.8%
Mascoutah241926.3%$160,500$175,000-8.3%
Swansea1619-15.8%$156,000$180,000-13.3%
Miller12-50%$154,900$176,500-12.2%
Fairview Heights422661.5%$113,850$129,750-12.3%
Belleville107112-4.5%$99,000$102,500-3.4%
Lebanon89-11.1%$94,147.75$150,000-37.2%

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