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South Central Reporter

Saturday, November 23, 2024

Mount Olive home prices rise in March 2018

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The median sale price of a home sold in March 2018 in Mount Olive rose by $44,250 while total sales decreased by 16.7%, according to BlockShopper.com.

In March 2018, there were five homes sold, with a median sale price of $60,000 - a 281% increase over the $15,750 median sale price for the same period of the previous year. There were six homes sold in Mount Olive in March 2017.

The median sales tax in Mount Olive for the most recent year with available data, 2017, was $1,114, approximately 1.9% of the median home sale price for March 2018.

The following table compares Mount Olive to other Macoupin County cities with similar median sales prices in March 2018:

CityMar. 2018 Home SalesMar. 2017 Home Sales% change (Total Home Sales)Mar. 2018 Median Sales PriceMar. 2017 Median Sales Price% change (Median Sales Price)
Bunker Hill20-$155,250$0-
Staunton7475%$110,000$145,250-24.3%
Shipman21100%$105,000$12,000775%
Virden314-78.6%$73,000$52,37539.4%
Mount Olive56-16.7%$60,000$15,750281%
Carlinville912-25%$39,000$50,000-22%
White City110%$37,000$8,000362.5%
Wilsonville21100%$35,000$47,000-25.5%
Benld25-60%$30,250$22,90032.1%
Girard31200%$20,000$20,0000%
Gillespie660%$18,000$36,500-50.7%

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