From January through December of 2017, there were 42 homes sold, with a median sale price of $54,750 - a 50% increase over the $36,500 median sale price for the previous year. There were 61 homes sold in Mount Olive in 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 2%.
The following table compares Mount Olive to other Macoupin County cities with similar median sales prices in 2017:
| City | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Girard | 30 | 47 | -36.2% | $62,875 | $36,600 | 71.8% |
| Mount Clare | 7 | 3 | 133.3% | $58,000 | $36,666.49 | 58.2% |
| Virden | 70 | 69 | 1.4% | $58,000 | $69,500 | -16.5% |
| Carlinville | 101 | 120 | -15.8% | $57,000 | $61,000 | -6.6% |
| Bunker Hill | 27 | 29 | -6.9% | $57,000 | $73,500 | -22.4% |
| Mount Olive | 42 | 61 | -31.1% | $54,750 | $36,500 | 50% |
| White City | 4 | 3 | 33.3% | $50,000 | $55,000 | -9.1% |
| Medora | 7 | 5 | 40% | $46,500 | $60,000 | -22.5% |
| Gillespie | 64 | 51 | 25.5% | $44,000 | $50,000 | -12% |
| Shipman | 9 | 19 | -52.6% | $38,000 | $60,000 | -36.7% |
| Palmyra | 7 | 16 | -56.3% | $35,500 | $32,500 | 9.2% |
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