From April through June of 2020, there were three homes sold, with a median sale price of $72,500 - a 45% increase over the $50,000 median sale price for the same period of the previous year. There were three homes sold in Chapin in the second quarter of 2019, as well.
The median sales tax in Chapin for the most recent year with available data, 2018, was $1,138, approximately 1.6% of the median home sale price for the second quarter of 2020.
The following table compares Chapin to other Morgan County cities in the second quarter of 2020:
| City | Apr. - June 2020 Home Sales | Apr. - June 2019 Home Sales | % change (Total Home Sales) | Apr. - June 2020 Median Sales Price | Apr. - June 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Franklin | 1 | 3 | -66.7% | $128,000 | $70,000 | 82.9% |
| Woodson | 4 | 2 | 100% | $120,000 | $48,000 | 150% |
| South Jacksonville | 19 | 16 | 18.8% | $96,500 | $98,000 | -1.5% |
| Jacksonville | 67 | 63 | 6.3% | $85,000 | $104,500 | -18.7% |
| Concord | 1 | 0 | - | $75,000 | $0 | - |
| Chapin | 3 | 3 | 0% | $72,500 | $50,000 | 45% |
| Murrayville | 1 | 3 | -66.7% | $70,000 | $60,000 | 16.7% |
| Waverly | 7 | 6 | 16.7% | $53,000 | $71,500 | -25.9% |
| Meredosia | 2 | 2 | 0% | $38,500 | $40,950 | -6% |
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