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Thursday, November 28, 2024

Marissa home prices rise in the second quarter of 2019

Re 9

The median sale price of a home sold in the second quarter of 2019 in Marissa rose by $33,750 while total sales increased by 125%, according to BlockShopper.com.

From April through June of 2019, there were nine homes sold, with a median sale price of $49,000 - a 221.3% increase over the $15,250 median sale price for the same period of the previous year. There were four homes sold in Marissa in the second quarter of 2018.

The median sales tax in Marissa for the most recent year with available data, 2017, was $1,377, approximately 2.8% of the median home sale price for the second quarter of 2019.

The following table compares Marissa to other St. Clair County cities with similar median sales prices in the second quarter of 2019:

CityApr. - June 2019 Home SalesApr. - June 2018 Home Sales% change (Total Home Sales)Apr. - June 2019 Median Sales PriceApr. - June 2018 Median Sales Price% change (Median Sales Price)
Oak Hills23-33.3%$93,000$40,000132.5%
Caseyville342536%$89,950$85,0005.8%
Dupo1729-41.4%$87,500$67,50029.6%
New Athens11922.2%$75,000$95,000-21.1%
Alorton12-50%$49,000$3,0001533.3%
Marissa94125%$49,000$15,250221.3%
Fairmont City440%$40,833.50$35,00016.7%
Cahokia4863-23.8%$21,000$30,000-30%
East Carondelet10-$20,000$0-
East St. Louis25250%$10,500$10,0005%
Centreville770%$10,007$16,000-37.5%

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