Marine 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 Marine rose by $116,599 while total sales decreased by 60%, according to

From July through September of 2020, there were two homes sold, with a median sale price of $257,500 - a 82.8% increase over the $140,901 median sale price for the same period of the previous year. There were five homes sold in Marine in the third quarter of 2019.

The median sales tax in Marine for the most recent year with available data, 2018, was $3,280, approximately 1.3% of the median home sale price for the third quarter of 2020.

The following table compares Marine 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)
Holiday Shores419-78.9%$309,750$175,50076.5%
Kendall Hill13-66.7%$225,000$134,40067.4%
Glen Carbon2772-62.5%$195,000$224,000-12.9%

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