West Central Reporter

West Central Reporter

Wednesday, April 1, 2020

Chapin home prices fall in the second half of 2019

Real Estate

By Metric Media News Service | Jan 7, 2020

Realestate1

The median sale price of a home sold in the second half of 2019 in Chapin fell by $47,500 while total sales decreased by 44.4%, according to BlockShopper.com.

From July through December of 2019, there were five homes sold, with a median sale price of $40,000 - a 54.3% decrease over the $87,500 median sale price for the same period of the previous year. There were nine homes sold in Chapin in the second half of 2018.

The median sales tax in Chapin for the most recent year with available data, 2018, was $1,138, approximately 2.8% of the median home sale price for the second half of 2019.

The following table compares Chapin to other Morgan County cities in the second half of 2019:

City
July - Dec. 2019 Home Sales
July - Dec. 2018 Home Sales
% change (Total Home Sales)
July - Dec. 2019 Median Sales Price
July - Dec. 2018 Median Sales Price
% change (Median Sales Price)
Concord
1
3
-66.7%
$105,000
$40,000
162.5%
Franklin
7
6
16.7%
$104,000
$66,000
57.6%
Jacksonville
152
147
3.4%
$90,000
$82,400
9.2%
South Jacksonville
33
40
-17.5%
$87,500
$91,750
-4.6%
Woodson
3
4
-25%
$75,000
$23,000
226.1%
Waverly
10
15
-33.3%
$69,178
$80,000
-13.5%
Murrayville
6
3
100%
$66,750
$78,500
-15%
Meredosia
5
7
-28.6%
$40,000
$30,000
33.3%
Chapin
5
9
-44.4%
$40,000
$87,500
-54.3%

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Morgan County IL Clerk and Recorder

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