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Thursday, April 25, 2024

Washington Park home prices fall in the second half of 2019

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The median sale price of a home sold in the second half of 2019 in Washington Park fell by $10,500 while total sales increased by 75%, according to BlockShopper.com.

From July through December of 2019, there were seven homes sold, with a median sale price of $3,000 - a 77.8% decrease over the $13,500 median sale price for the same period of the previous year. There were four homes sold in Washington Park in the second half of 2018.

The median sales tax in Washington Park for the most recent year with available data, 2018, was $234, approximately 7.8% of the median home sale price for the second half of 2019.

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

CityJuly - Dec. 2019 Home SalesJuly - Dec. 2018 Home Sales% change (Total Home Sales)July - Dec. 2019 Median Sales PriceJuly - Dec. 2018 Median Sales Price% change (Median Sales Price)
Caseyville3862-38.7%$88,250$81,2508.6%
Crest Hill660%$56,250$55,4501.4%
Fairmont City83166.7%$40,000$40,0000%
Lenzburg110%$35,000$68,000-48.5%
Summerfield12-50%$25,000$47,750-47.6%
Centreville10100%$24,000$18,769.1527.9%
Cahokia8892-4.3%$19,500$18,0008.3%
Marissa1115-26.7%$19,387$44,000-55.9%
North Dupo110%$12,000$60,000-80%
East St. Louis49474.3%$10,000$14,415-30.6%
Washington Park7475%$3,000$13,500-77.8%

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