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Thursday, November 21, 2024

Oak Hills median home prices rose by 14.8% in the first half of 2022

Re 10

The median sale price of a home sold in the first half of 2022 in Oak Hills rose by $17,750 while total sales decreased by 50 percent, according to BlockShopper.com.

From January through June, there were two homes sold, with a median sale price of $137,500 - a 14.8 percent increase over the $119,750 median sale price for the same period of the previous year. There were four homes sold in Oak Hills in the first half of 2021.

The median sales tax in Oak Hills for the most recent year with available data, 2019, was $1,598, approximately 1.2 percent of the median home sale price for the first half of 2022.

The following table compares Oak Hills to other St. Clair County cities with similar median sale prices in the first half of 2022:

CityJanuary - June 2022 Home SalesJanuary - June 2021 Home Sales% change (Total Home Sales)January - June 2022 Median Sales PriceJanuary - June 2021 Median Sales Price% change (Median Sales Price)
Freeburg3045-33.3$170,000$154,9009.7
St. Libory63100$162,500$135,00020.4
Collinsville2630-13.3$160,000$115,00039.1
Lebanon544228.6$159,500$148,7507.2
Fairview Heights170176-3.4$150,000$131,00014.5
Oak Hills24-50$137,500$119,75014.8
Belleville682707-3.5$120,500$110,0009.5
New Athens2224-8.3$105,000$88,00019.3
Caseyville544910.2$99,500$90,00010.6
Dupo423520$90,000$119,000-24.4
Crest Hill712-41.7$80,000$37,440113.7

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