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South Central Reporter

Tuesday, November 26, 2024

Gillespie home prices rise in the second quarter of 2019

Re 12

The median sale price of a home sold in the second quarter of 2019 in Gillespie rose by $8,000 while total sales decreased by 18.8%, according to BlockShopper.com.

From April through June of 2019, there were 13 homes sold, with a median sale price of $55,000 - a 17% increase over the $47,000 median sale price for the same period of the previous year. There were 16 homes sold in Gillespie in the second quarter of 2018.

The median sales tax in Gillespie for the most recent year with available data, 2018, was $983, approximately 1.8% of the median home sale price for the second quarter of 2019.

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

CityApr. - June 2019 Home SalesApr. - June 2018 Home Sales% change (Total Home Sales)Apr. - June 2019 Median Sales PriceApr. - June 2018 Median Sales Price% change (Median Sales Price)
Palmyra330%$80,000$7,0001042.9%
Staunton22220%$77,500$64,00021.1%
Bunker Hill68-25%$71,750$81,500-12%
Carlinville262123.8%$68,750$69,000-0.4%
Virden161233.3%$62,750$88,250-28.9%
Gillespie1316-18.8%$55,000$47,00017%
Mount Clare31200%$52,000$140,000-62.9%
East Gillespie12-50%$52,000$109,000-52.3%
Mount Olive144250%$49,000$65,750-25.5%
Wilsonville34-25%$47,000$13,500248.1%
Girard35-40%$40,000$47,000-14.9%

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