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Kankakee Times

Tuesday, November 26, 2024

Bourbonnais home prices fall in the third quarter of 2018

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The median sale price of a home sold in the third quarter of 2018 in Bourbonnais fell by $11,400 while total sales decreased by 4.5%, according to BlockShopper.com.

From July through September of 2018, there were 105 homes sold, with a median sale price of $171,000 - a 6.3% decrease over the $182,400 median sale price for the same period of the previous year. There were 110 homes sold in Bourbonnais in the third 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 third quarter of 2018.

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

CityJuly - Sept. 2018 Home SalesJuly - Sept. 2017 Home Sales% change (Total Home Sales)July - Sept. 2018 Median Sales PriceJuly - Sept. 2017 Median Sales Price% change (Median Sales Price)
Bonfield68-25%$261,000$266,000-1.9%
Essex550%$222,500$157,50041.3%
Manteno3350-34%$195,000$164,00018.9%
Bourbonnais105110-4.5%$171,000$182,400-6.3%
Limestone880%$163,000$152,0007.2%
Grant Park814-42.9%$158,450$133,50018.7%
Bradley7688-13.6%$134,250$116,50015.2%
Herscher84100%$116,950$147,500-20.7%
Momence21210%$110,000$112,500-2.2%
St. Anne14-75%$107,000$44,750139.1%
Buckingham20-$106,861.50$0-

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