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Thursday, November 28, 2024

What happened to the median home price in Bethalto during February 2022?

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The median sale price of a home sold in February 2022 in Bethalto rose by $60,000 while total sales decreased by 90%, according to BlockShopper.com.

In February 2022, there were two homes sold, with a median sale price of $167,500 - a 55.8% increase over the $107,500 median sale price for the same period of the previous year. There were 20 homes sold in Bethalto in February 2021.

The median sales tax in Bethalto for the most recent year with available data, 2018, was $2,567, approximately 1.5% of the median home sale price for February 2022.

The following table compares Bethalto 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)
Edwardsville146-97.8%$340,000$180,00088.9%
Hamel10-$245,000$0-
Godfrey126-96.2%$212,500$146,00045.5%
Lakeview Acres110%$200,740$181,00010.9%
Glen Carbon114-92.9%$187,500$209,450-10.5%
Bethalto220-90%$167,500$107,50055.8%
Marine10-$165,000$0-
Maryville29-77.8%$160,500$220,500-27.2%
Mitchell31200%$158,000$62,000154.8%
Highland16156.7%$153,500$143,0007.3%
Alton537-86.5%$150,000$82,50081.8%

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