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Saturday, November 30, 2024

Grant Park home prices fall 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 Grant Park fell by $54,250 while total sales increased by 9.1%, according to BlockShopper.com.

From April through June of 2018, there were 12 homes sold, with a median sale price of $142,750 - a 27.5% decrease over the $197,000 median sale price for the same period of the previous year. There were 11 homes sold in Grant Park in the second quarter of 2017.

The median sales tax in Grant Park for the most recent year with available data, 2017, was $4,416.10, approximately 3.1% of the median home sale price for the second quarter of 2018.

The following table compares Grant Park 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)
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%
Kankakee113124-8.9%$85,000$78,4508.3%

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