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South Central Reporter

Wednesday, November 13, 2024

Mount Olive home prices fall in June 2017

Re 1

The median sale price of a home sold in June 2017 in Mount Olive fell by $10,250 while total sales decreased by 30%, according to BlockShopper.com.

In June 2017, there were seven homes sold, with a median sale price of $60,000 - a 14.6% decrease over the $70,250 median sale price for the same period of the previous year. There were 10 homes sold in Mount Olive in June 2016.

The median sales tax in Mount Olive for 2017 was $1,114. In 2016, the median sales tax was $1,138. This marks an decrease of 2.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.9%.

The following table compares Mount Olive 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)
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%
Sawyerville20-$42,000$0-

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