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South Central Reporter

Tuesday, November 26, 2024

Shipman home prices fall in the first half of 2017

Realestate1

The median sale price of a home sold in the first half of 2017 in Shipman fell by $45,000 while total sales decreased by 28.6%, according to BlockShopper.com.

From January through June of 2017, there were five homes sold, with a median sale price of $15,000 - a 75% decrease over the $60,000 median sale price for the same period of the previous year. There were seven homes sold in Shipman in the first half of 2016.

The median sales tax in Shipman for 2017 was $1,197. In 2016, the median sales tax was $1,134. This marks an increase of 5.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 8%.

The following table compares Shipman to other Macoupin County cities with similar median sales prices in the first half of 2017:

CityJan. - June 2017 Home SalesJan. - June 2016 Home Sales% change (Total Home Sales)Jan. - June 2017 Median Sales PriceJan. - June 2016 Median Sales Price% change (Median Sales Price)
Virden42412.4%$56,750$71,000-20.1%
Girard1625-36%$55,375$25,000121.5%
Mount Olive2931-6.5%$50,000$38,00031.6%
Medora51400%$46,500$105,000-55.7%
White City21100%$42,500$55,000-22.7%
Palmyra48-50%$42,500$40,5004.9%
Wilsonville67-14.3%$40,000$6,000566.7%
Benld147100%$34,000$28,00021.4%
Lake Ka-Ho21100%$24,250$73,000-66.8%
Sawyerville62200%$18,950$44,000-56.9%
Shipman57-28.6%$15,000$60,000-75%

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