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Sunday, November 24, 2024

O'Fallon home prices fall in October 2018

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The median sale price of a home sold in October 2018 in O'Fallon fell by $24,750 while total sales increased by 22.5%, according to BlockShopper.com.

In October 2018, there were 49 homes sold, with a median sale price of $175,000 - a 12.4% decrease over the $199,750 median sale price for the same period of the previous year. There were 40 homes sold in O'Fallon in October 2017.

The median sales tax in O'Fallon for the most recent year with available data, 2016, was $4,355, approximately 2.5% of the median home sale price for October 2018.

The following table compares O'Fallon to other St. Clair County cities with similar median sales prices in October 2018:

CityOct. 2018 Home SalesOct. 2017 Home Sales% change (Total Home Sales)Oct. 2018 Median Sales PriceOct. 2017 Median Sales Price% change (Median Sales Price)
Shiloh1617-5.9%$202,500$210,000-3.6%
Briar Hill110%$200,000$83,000141%
Smithton11757.1%$180,000$189,500-5%
O'Fallon494022.5%$175,000$199,750-12.4%
Millstadt11922.2%$153,500$55,000179.1%
Mascoutah209122.2%$149,500$159,500-6.3%
East Carondelet110%$149,000$11,0001254.5%
Fairview Heights302711.1%$144,000$140,0002.9%
New Athens3250%$135,000$206,250-34.5%
Freeburg660%$134,200$190,250-29.5%
Swansea231643.8%$125,972$151,500-16.9%

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