State Park Place home prices fall in the third quarter of 2020

Medium realestate077

The median sale price of a home sold in the third quarter of 2020 in State Park Place fell by $22,500 while total sales decreased by 60%, according to

From July through September of 2020, there were two homes sold, with a median sale price of $15,500 - a 59.2% decrease over the $38,000 median sale price for the same period of the previous year. There were five homes sold in State Park Place in the third quarter of 2019.

The median sales tax in State Park Place for the most recent year with available data, 2018, was $740, approximately 4.8% of the median home sale price for the third quarter of 2020.

The following table compares State Park Place to other Madison County cities with similar median sales prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Granite City59147-59.9%$63,000$63,0000%
East Alton1021-52.4%$23,809.50$70,000-66%
South Roxana47-42.9%$16,000$68,000-76.5%
State Park Place25-60%$15,500$38,000-59.2%
Forest Homes26-66.7%$5,750$8,500-32.4%

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