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South Central Reporter

Thursday, April 25, 2024

Gillespie home prices rise in the first quarter of 2020

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The median sale price of a home sold in the first quarter of 2020 in Gillespie rose by $56,250 while total sales increased by 37.5%, according to BlockShopper.com.

From January through March of 2020, there were 11 homes sold, with a median sale price of $92,000 - a 157.3% increase over the $35,750 median sale price for the same period of the previous year. There were eight homes sold in Gillespie in the first quarter of 2019.

The median sales tax in Gillespie for the most recent year with available data, 2018, was $983, approximately 1.1% of the median home sale price for the first quarter of 2020.

The following table compares Gillespie to other Macoupin County cities with similar median sales prices in the first quarter of 2020:

CityJan. - Mar. 2020 Home SalesJan. - Mar. 2019 Home Sales% change (Total Home Sales)Jan. - Mar. 2020 Median Sales PriceJan. - Mar. 2019 Median Sales Price% change (Median Sales Price)
Shipman13-66.7%$127,500$28,000355.4%
Staunton1417-17.6%$100,500$63,50058.3%
Gillespie11837.5%$92,000$35,750157.3%
Palmyra23-33.3%$91,250$5,0001725%
Medora20-$85,000$0-
Virden11837.5%$85,000$53,50058.9%
Bunker Hill770%$75,000$50,00050%
Brighton7475%$72,000$70,5002.1%
Carlinville21205%$70,000$88,000-20.5%
Girard990%$55,000$19,000189.5%
White City13-66.7%$45,000$75,500-40.4%

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