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Thursday, November 28, 2024

Falling home prices in Collinsville (Madison County) in February 2022

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The median sale price of a home sold in February 2022 in Collinsville in Madison County fell by $17,000 while total sales decreased by 13.2%, according to BlockShopper.com.

In February 2022, there were 33 homes sold, with a median sale price of $108,000 - a 13.6% decrease over the $125,000 median sale price for the same period of the previous year. There were 38 homes sold in Collinsville in February 2021.

The median sales tax in Collinsville for the most recent year with available data, 2018, was $2,282, approximately 2.1% of the median home sale price for February 2022.

The following table compares Collinsville to other Madison County cities with similar median sale prices in February 2022:

CityFeb. 2022 Home SalesFeb. 2021 Home Sales% change (Total Home Sales)Feb. 2022 Median Sales PriceFeb. 2021 Median Sales Price% change (Median Sales Price)
Highland16156.7%$153,500$143,0007.3%
Alton537-86.5%$150,000$82,50081.8%
Pontoon Beach63100%$150,000$180,000-16.7%
Alhambra20-$140,000$0-
Granite City749-85.7%$125,500$78,50059.9%
Grantfork10-$120,000$0-
Collinsville3338-13.2%$108,000$125,000-13.6%
South Roxana110%$100,000$102,000-2%
Hartford21100%$87,750$20,000338.8%
Madison23-33.3%$63,000$23,500168.1%
Wood River18-87.5%$2,500$59,000-95.8%
* This story only considers sales data for the part of Collinsville that is in Madison County.

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