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Sunday, December 22, 2024

Home valuation prices increased in St. Clair County in July 2024, compared to July 2023

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In July, the median sale price of a home in St. Clair County rose by $12,465 from the same period in the previous year, while total sales decreased by 7.9%, according to BlockShopper.com.

There were 292 homes sold in July, with a median sale price of $172,465 — a 7.8% increase over the $160,000 median sale price during the same period of the previous year. In comparison, 317 homes were sold in St. Clair County in July 2023.

Based on the latest available data from 2021, the median sales tax in St. Clair County was $2,438, which stands at 1.4% of July's median home sale price.

The U.S. housing market has soared in recent years, with its total value nearing $50 trillion in 2024. This is almost five times greater than the market's value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.

The following histogram displays changes in median sales prices in St. Clair County from July 2023 to July 2024.

July 2023August 2023September 2023October 2023November 2023December 2023January 2024February 2024March 2024April 2024May 2024June 2024July 2024$160,000$160,000$156,598$156,598$162,500$162,500$150,000$150,000$149,000$149,000$164,000$164,000$127,500$127,500$131,400$131,400$160,339$160,339$175,000$175,000$154,950$154,950$185,000$185,000$172,465$172,465

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