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South Central Reporter

Tuesday, November 26, 2024

Gillespie home prices rise in June 2017

Re 1

The median sale price of a home sold in June 2017 in Gillespie rose by $7,280 while total sales remained unchanged with eight homes sold, according to BlockShopper.com.

In June 2017, there were eight homes sold, with a median sale price of $67,000 - a 12.2% increase over the $59,720 median sale price for the same period of the previous year. There were eight homes sold in Gillespie in June 2016, as well.

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 1.4%.

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

CityJune 2017 Home SalesJune 2016 Home Sales% change (Total Home Sales)June 2017 Median Sales PriceJune 2016 Median Sales Price% change (Median Sales Price)
Virden38-62.5%$100,000$83,25020.1%
Brighton37-57.1%$95,000$82,90014.6%
Mount Clare30-$70,000$0-
Girard46-33.3%$68,000$19,500248.7%
Gillespie880%$67,000$59,72012.2%
Palmyra10-$61,000$0-
Mount Olive710-30%$60,000$70,250-14.6%
Carlinville1114-21.4%$55,000$44,50023.6%
Benld220%$54,000$50,0008%
Staunton9812.5%$52,500$122,500-57.1%
Bunker Hill330%$44,000$67,000-34.3%

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