What happened to the median home price in St. Jacob during 2021?

What happened to the median home price in St. Jacob during 2021?
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The median sale price of a home sold in 2021 in St. Jacob rose by $6,300 while total sales increased by 60%, according to BlockShopper.com.

From January through December of 2021, there were 16 homes sold, with a median sale price of $186,250 – a 3.5% increase over the $179,950 median sale price for the previous year. There were 10 homes sold in St. Jacob in 2020.

The median sales tax in St. Jacob for the most recent year with available data, 2018, was $3,833, approximately 2.1% of the median home sale price for 2021.

The following table compares St. Jacob to other Madison County cities with similar median sale prices in 2021:

City Jan. – Dec. 2021 Home Sales Jan. – Dec. 2020 Home Sales % change (Total Home Sales) Jan. – Dec. 2021 Median Sales Price Jan. – Dec. 2020 Median Sales Price % change (Median Sales Price)
Edwardsville 607 319 90.3% $214,500 $205,000 4.6%
Troy 201 169 18.9% $201,500 $190,000 6.1%
Alhambra 17 18 -5.6% $200,000 $104,000 92.3%
Hamel 15 18 -16.7% $195,000 $205,605 -5.2%
Dorsey 9 8 12.5% $195,000 $225,000 -13.3%
St. Jacob 16 10 60% $186,250 $179,950 3.5%
Lakeview Acres 13 3 333.3% $172,000 $176,900 -2.8%
Highland 290 151 92.1% $170,000 $151,600 12.1%
Kendall Hill 10 7 42.9% $166,950 $162,900 2.5%
Moro 30 18 66.7% $161,500 $227,250 -28.9%
Marine 16 22 -27.3% $155,000 $184,250.50 -15.9%


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