The fourth quarter of 2021: Marissa experienced a 15.1% drop in median home prices

The fourth quarter of 2021: Marissa experienced a 15.1% drop in median home prices
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The median sale price of a home sold in the fourth quarter of 2021 in Marissa fell by $8,000 while total sales remained unchanged with eight homes sold, according to BlockShopper.com.

From October through December of 2021, there were eight homes sold, with a median sale price of $45,000 – a 15.1% decrease over the $53,000 median sale price for the same period of the previous year. There were eight homes sold in Marissa in the fourth quarter of 2020, as well.

The median sales tax in Marissa for the most recent year with available data, 2019, was $1,385, approximately 3.1% of the median home sale price for the fourth quarter of 2021.

The following table compares Marissa to other St. Clair County cities with similar median sale prices in the fourth quarter of 2021:

City Oct. – Dec. 2021 Home Sales Oct. – Dec. 2020 Home Sales % change (Total Home Sales) Oct. – Dec. 2021 Median Sales Price Oct. – Dec. 2020 Median Sales Price % change (Median Sales Price)
Caseyville 19 21 -9.5% $90,000 $105,000 -14.3%
New Athens 15 10 50% $80,000 $91,500 -12.6%
Fairmont City 4 3 33.3% $77,500 $47,300 63.8%
Crest Hill 5 5 0% $77,250 $45,000 71.7%
Lenzburg 1 2 -50% $46,000 $15,750 192.1%
Marissa 8 8 0% $45,000 $53,000 -15.1%
Cahokia 52 69 -24.6% $29,450 $35,500 -17%
Washington Park 1 2 -50% $25,000 $5,750 334.8%
East St. Louis 25 23 8.7% $14,900 $14,000 6.4%
Alorton 2 0 – $8,463.28 $0 –
St. Libory 1 2 -50% $8,000 $117,500 -93.2%


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