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 Roxana fell by $33,500 while total sales decreased by 66.7%, according to

From July through September of 2020, there were three homes sold, with a median sale price of $30,000 - a 52.8% decrease over the $63,500 median sale price for the same period of the previous year. There were nine homes sold in Roxana in the third quarter of 2019.

The median sales tax in Roxana for the most recent year with available data, 2018, was $1,137, approximately 3.8% of the median home sale price for the third quarter of 2020.

The following table compares 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)
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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