South Roxana home prices fall in the third quarter of 2020

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The median sale price of a home sold in the third quarter of 2020 in South Roxana fell by $52,000 while total sales decreased by 42.9%, according to BlockShopper.com.

From July through September of 2020, there were four homes sold, with a median sale price of $16,000 - a 76.5% decrease over the $68,000 median sale price for the same period of the previous year. There were seven homes sold in South Roxana in the third quarter of 2019.

The median sales tax in South Roxana for the most recent year with available data, 2018, was $919, approximately 5.7% of the median home sale price for the third quarter of 2020.

The following table compares South Roxana 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)
Alhambra58-37.5%$82,400$189,250-56.5%
Hartford13-66.7%$82,000$70,00017.1%
Mitchell27-71.4%$75,600$75,0000.8%
Granite City59147-59.9%$63,000$63,0000%
Alton34119-71.4%$62,500$72,500-13.8%
Madison16-83.3%$30,000$20,50046.3%
Roxana39-66.7%$30,000$63,500-52.8%
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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