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South Central Reporter

Saturday, November 23, 2024

Gillespie home prices fall in the first quarter of 2018

Realestate2

The median sale price of a home sold in the first quarter of 2018 in Gillespie fell by $17,440 while total sales decreased by 33.3%, according to BlockShopper.com.

From January through March of 2018, there were 10 homes sold, with a median sale price of $19,500 - a 47.2% decrease over the $36,940 median sale price for the same period of the previous year. There were 15 homes sold in Gillespie in the first quarter of 2017.

The median sales tax in Gillespie for the most recent year with available data, 2017, was $968.80, approximately 5% of the median home sale price for the first quarter of 2018.

The following table compares Gillespie 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)
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%
Gillespie1015-33.3%$19,500$36,940-47.2%
Sawyerville4333.3%$19,000$18,9000.5%
Lake Ka-Ho110%$1,500$30,000-95%

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