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South Central Reporter

Tuesday, November 26, 2024

Mount Olive home prices fall in June 2019

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The median sale price of a home sold in June 2019 in Mount Olive fell by $39,750 while total sales increased by 200%, according to BlockShopper.com.

In June 2019, there were six homes sold, with a median sale price of $26,000 - a 60.5% decrease over the $65,750 median sale price for the same period of the previous year. There were two homes sold in Mount Olive in June 2018.

The median sales tax in Mount Olive for the most recent year with available data, 2018, was $1,172, approximately 4.5% of the median home sale price for June 2019.

The following table compares Mount Olive to other Macoupin County cities with similar median sales prices in June 2019:

CityJune 2019 Home SalesJune 2018 Home Sales% change (Total Home Sales)June 2019 Median Sales PriceJune 2018 Median Sales Price% change (Median Sales Price)
Palmyra110%$85,000$7,0001114.3%
Virden6450%$84,750$84,0000.9%
Brighton23-33.3%$78,000$79,000-1.3%
Carlinville9728.6%$65,000$60,0008.3%
Lake Ka-Ho110%$50,000$118,000-57.6%
Bunker Hill24-50%$44,000$130,000-66.2%
Girard13-66.7%$40,000$47,000-14.9%
Benld4333.3%$34,750$12,000189.6%
Mount Olive62200%$26,000$65,750-60.5%
Shipman110%$10,000$90,000-88.9%
Wilsonville10-$4,500$0-

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