East Alton home prices fall in the third quarter of 2020

Medium realestate3

The median sale price of a home sold in the third quarter of 2020 in East Alton fell by $46,191 while total sales decreased by 52.4%, according to BlockShopper.com.

From July through September of 2020, there were 10 homes sold, with a median sale price of $23,810 - a 66% decrease over the $70,000 median sale price for the same period of the previous year. There were 21 homes sold in East Alton in the third quarter of 2019.

The median sales tax in East Alton for the most recent year with available data, 2018, was $1,710, approximately 7.2% of the median home sale price for the third quarter of 2020.

The following table compares East Alton 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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