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West Central Reporter

Wednesday, April 24, 2024

Chapin home prices rise in the first half of 2017

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The median sale price of a home sold in the first half of 2017 in Chapin rose by $21,000 while total sales decreased by 14.3%, according to BlockShopper.com.

From January through June of 2017, there were six homes sold, with a median sale price of $51,000 - a 70% increase over the $30,000 median sale price for the same period of the previous year. There were seven homes sold in Chapin in the first half of 2016.

The median sales tax in Chapin for the most recent year with available data, 2016, was $1,035, approximately 2% of the median home sale price for the first half of 2017.

The following table compares Chapin to other Morgan County cities in the first half of 2017:

CityJan. - June 2017 Home SalesJan. - June 2016 Home Sales% change (Total Home Sales)Jan. - June 2017 Median Sales PriceJan. - June 2016 Median Sales Price% change (Median Sales Price)
Woodson511-54.5%$114,000$61,01086.9%
Jacksonville1641509.3%$79,700$80,625-1.1%
Concord3250%$75,000$36,550105.2%
South Jacksonville473246.9%$70,000$91,500-23.5%
Murrayville34-25%$52,500$45,75014.8%
Chapin67-14.3%$51,000$30,00070%
Waverly161145.5%$51,000$40,00027.5%
Meredosia135160%$32,500$48,000-32.3%
Franklin37-57.1%$23,000$73,500-68.7%

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