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Saturday, November 23, 2024

Q2: Briar Hill experienced a 17.2% drop in median home prices

Re 9

The median sale price of a home sold in the second quarter of 2022 in Briar Hill fell by $43,500 while total sales increased by 25 percent, according to BlockShopper.com.

From April through June, there were five homes sold, with a median sale price of $210,000 - a 17.2 percent decrease from the $253,500 median sale price for the same period of the previous year. There were four homes sold in Briar Hill in the second quarter of 2021.

The median sales tax in Briar Hill for the most recent year with available data, 2019, was $2,912, approximately 1.4 percent of the median home sale price for the second quarter of 2022.

The following table compares Briar Hill to other St. Clair County cities with similar median sale prices in the second quarter of 2022:

CityApril - June 2022 Home SalesApril - June 2021 Home Sales% change (Total Home Sales)April - June 2022 Median Sales PriceApril - June 2021 Median Sales Price% change (Median Sales Price)
Shiloh756515.4$282,250$240,00017.6
Miller52150$275,000$221,70024
Millstadt2122-4.5$239,000$199,75019.6
Mascoutah4969-29$225,000$209,0007.7
Swansea7590-16.7$220,000$220,500-0.2
Briar Hill5425$210,000$253,500-17.2
Freeburg1624-33.3$202,000$161,00025.5
Lebanon392839.3$164,000$156,0005.1
Fairview Heights98102-3.9$160,400$131,00022.4
Collinsville14137.7$160,000$109,90045.6
New Athens1018-44.4$145,000$85,50069.6

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