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Kankakee Times

Tuesday, November 26, 2024

Grant Park home prices rise 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 Grant Park rose by $24,950 while total sales decreased by 42.9%, according to BlockShopper.com.

From July through September of 2018, there were eight homes sold, with a median sale price of $158,450 - a 18.7% increase over the $133,500 median sale price for the same period of the previous year. There were 14 homes sold in Grant Park in the third quarter of 2017.

The median sales tax in Grant Park for the most recent year with available data, 2017, was $4,416.10, approximately 2.8% of the median home sale price for the third quarter of 2018.

The following table compares Grant Park 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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