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Saturday, November 30, 2024

Bourbonnais home prices rise in the second quarter of 2018

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The median sale price of a home sold in the second quarter of 2018 in Bourbonnais rose by $8,750 while total sales increased by 1.1%, according to BlockShopper.com.

From April through June of 2018, there were 94 homes sold, with a median sale price of $173,750 - a 5.3% increase over the $165,000 median sale price for the same period of the previous year. There were 93 homes sold in Bourbonnais in the second quarter of 2017.

The median sales tax in Bourbonnais for the most recent year with available data, 2017, was $4,093.40, approximately 2.4% of the median home sale price for the second quarter of 2018.

The following table compares Bourbonnais to other Kankakee County cities with similar median sales prices in the second quarter of 2018:

CityApr. - June 2018 Home SalesApr. - June 2017 Home Sales% change (Total Home Sales)Apr. - June 2018 Median Sales PriceApr. - June 2017 Median Sales Price% change (Median Sales Price)
Bonfield28-75%$285,000$169,50068.1%
Chebanse23-33.3%$202,750$129,90056.1%
Manteno4858-17.2%$189,000$225,000-16%
Essex27-71.4%$173,950$185,000-6%
Bourbonnais94931.1%$173,750$165,0005.3%
Herscher59-44.4%$149,900$121,00023.9%
Grant Park12119.1%$142,750$197,000-27.5%
Reddick10-$140,000$0-
Limestone611-45.5%$131,250$139,000-5.6%
Bradley77718.5%$124,900$132,000-5.4%
Momence171421.4%$110,000$117,000-6%

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