Mitchell home prices rise in the third quarter of 2020

Medium realestate3

The median sale price of a home sold in the third quarter of 2020 in Mitchell rose by $600 while total sales decreased by 71.4%, according to

From July through September of 2020, there were two homes sold, with a median sale price of $75,600 - a 0.8% increase over the $75,000 median sale price for the same period of the previous year. There were seven homes sold in Mitchell in the third quarter of 2019.

The median sales tax in Mitchell for the most recent year with available data, 2018, was $1,304, approximately 1.7% of the median home sale price for the third quarter of 2020.

The following table compares Mitchell 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)
Pontoon Beach315-80%$117,000$141,500-17.3%
Wood River858-86.2%$106,955$82,25030%
Granite City59147-59.9%$63,000$63,0000%
East Alton1021-52.4%$23,809.50$70,000-66%

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