Wood River home prices rise 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 Wood River rose by $24,705 while total sales decreased by 86.2%, according to BlockShopper.com.

From July through September of 2020, there were eight homes sold, with a median sale price of $106,955 - a 30% increase over the $82,250 median sale price for the same period of the previous year. There were 58 homes sold in Wood River in the third quarter of 2019.

The median sales tax in Wood River for the most recent year with available data, 2018, was $1,639, approximately 1.5% of the median home sale price for the third quarter of 2020.

The following table compares Wood River 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%

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