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South Central Reporter

Sunday, November 24, 2024

Shipman home prices fall in the first quarter of 2019

Realestate3

The median sale price of a home sold in the first quarter of 2019 in Shipman fell by $62,000 while total sales remained unchanged with three homes sold, according to BlockShopper.com.

From January through March of 2019, there were three homes sold, with a median sale price of $28,000 - a 68.9% decrease over the $90,000 median sale price for the same period of the previous year. There were three homes sold in Shipman in the first quarter of 2018, as well.

The median sales tax in Shipman for the most recent year with available data, 2017, was $1,197, approximately 4.3% of the median home sale price for the first quarter of 2019.

The following table compares Shipman to other Macoupin County cities with similar median sales prices in the first quarter of 2019:

CityJan. - Mar. 2019 Home SalesJan. - Mar. 2018 Home Sales% change (Total Home Sales)Jan. - Mar. 2019 Median Sales PriceJan. - Mar. 2018 Median Sales Price% change (Median Sales Price)
White City31200%$75,500$37,000104.1%
Brighton49-55.6%$70,500$75,000-6%
Staunton1721-19%$63,500$65,000-2.3%
Virden810-20%$53,500$57,500-7%
Bunker Hill7616.7%$50,000$82,500-39.4%
Gillespie810-20%$35,750$19,50083.3%
Shipman330%$28,000$90,000-68.9%
Benld4333.3%$27,500$30,500-9.8%
Girard9650%$19,000$22,500-15.6%
Wilsonville13-66.7%$7,000$25,000-72%
Palmyra330%$5,000$20,500-75.6%

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