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Kankakee Times

Tuesday, November 26, 2024

Kankakee home prices rise in the third quarter of 2018

Realestate3

The median sale price of a home sold in the third quarter of 2018 in Kankakee rose by $39,487 while total sales increased by 2.5%, according to BlockShopper.com.

From July through September of 2018, there were 125 homes sold, with a median sale price of $104,987 - a 60.3% increase over the $65,500 median sale price for the same period of the previous year. There were 122 homes sold in Kankakee in the third quarter of 2017.

The median sales tax in Kankakee for the most recent year with available data, 2017, was $2,620.70, approximately 2.5% of the median home sale price for the third quarter of 2018.

The following table compares Kankakee 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)
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-
Kankakee1251222.5%$104,987$65,50060.3%
Aroma Park110%$35,000$55,000-36.4%
Sun River Terrace110%$25,000$56,000-55.4%
Hopkins Park31200%$22,000$61,000-63.9%

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