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Saturday, November 23, 2024

Mount Olive home prices rise in the first quarter of 2018

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The median sale price of a home sold in the first quarter of 2018 in Mount Olive rose by $5,500 while total sales decreased by 43.8%, according to BlockShopper.com.

From January through March of 2018, there were nine homes sold, with a median sale price of $42,000 - a 15.1% increase over the $36,500 median sale price for the same period of the previous year. There were 16 homes sold in Mount Olive in the first quarter of 2017.

The median sales tax in Mount Olive for the most recent year with available data, 2017, was $1,114.20, approximately 2.7% of the median home sale price for the first quarter of 2018.

The following table compares Mount Olive to other Macoupin County cities with similar median sales prices in the first quarter of 2018:

CityJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
Brighton94125%$75,000$59,50026.1%
Carlinville1824-25%$66,750$56,25018.7%
Staunton2122-4.5%$65,000$68,000-4.4%
Virden1027-63%$57,500$50,00015%
Mount Clare20-$54,000$0-
Mount Olive916-43.8%$42,000$36,50015.1%
White City110%$37,000$8,000362.5%
Benld39-66.7%$30,500$33,500-9%
Wilsonville35-40%$25,000$33,000-24.2%
Girard68-25%$22,500$44,500-49.4%
Palmyra3250%$20,500$50,000-59%

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