Mount Olive home prices fall in the first half of 2020

Medium realestate2

The median sale price of a home sold in the first half of 2020 in Mount Olive fell by $21,750 while total sales increased by 5.3%, according to

From January through June of 2020, there were 20 homes sold, with a median sale price of $30,250 - a 41.8% decrease over the $52,000 median sale price for the same period of the previous year. There were 19 homes sold in Mount Olive in the first half of 2019.

The median sales tax in Mount Olive for the most recent year with available data, 2018, was $1,172, approximately 3.9% of the median home sale price for the first half of 2020.

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

CityJan. - June 2020 Home SalesJan. - June 2019 Home Sales% change (Total Home Sales)Jan. - June 2020 Median Sales PriceJan. - June 2019 Median Sales Price% change (Median Sales Price)
Bunker Hill151315.4%$83,500$65,00028.5%
Mount Olive20195.3%$30,250$52,000-41.8%
Mount Clare26-66.7%$28,250$63,500-55.5%

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