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South Central Reporter

Monday, December 23, 2024

Gillespie home prices fall in March 2017

Re 5

The median sale price of a home sold in March 2017 in Gillespie fell by $28,250 while total sales increased by 200%, according to BlockShopper.com.

In March 2017, there were six homes sold, with a median sale price of $36,500 - a 43.6% decrease over the $64,750 median sale price for the same period of the previous year. There were two homes sold in Gillespie in March 2016.

The median sales tax in Gillespie for 2017 was $969. In 2016, the median sales tax was $968. This marks an increase of 0.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.7%.

The following table compares Gillespie to other Macoupin County cities with similar median sales prices in March 2017:

CityMar. 2017 Home SalesMar. 2016 Home Sales% change (Total Home Sales)Mar. 2017 Median Sales PriceMar. 2016 Median Sales Price% change (Median Sales Price)
Brighton220%$54,500$113,500-52%
Virden14875%$52,375$60,800-13.9%
Carlinville12850%$50,000$67,500-25.9%
Wilsonville12-50%$47,000$5,690726%
East Gillespie30-$41,000$0-
Gillespie62200%$36,500$64,750-43.6%
Lake Ka-Ho10-$30,000$0-
Benld50-$22,900$0-
Girard13-66.7%$20,000$25,000-20%
Mount Olive6450%$15,750$13,00021.2%
Shipman12-50%$12,000$40,000-70%

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