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Monday, November 25, 2024

Bonfield home prices rise in the second half of 2017

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The median sale price of a home sold in the second half of 2017 in Bonfield rose by $30,007 while total sales increased by 16.7%, according to BlockShopper.com.

From July through December of 2017, there were 14 homes sold, with a median sale price of $206,250 - a 17% increase over the $176,244 median sale price for the same period of the previous year. There were 12 homes sold in Bonfield in the second half of 2016.

The median sales tax in Bonfield for 2017 was $3,736. In 2016, the median sales tax was $3,610. This marks an increase of 3.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.8%.

The following table compares Bonfield to other Kankakee County cities with similar median sales prices in the second half of 2017:

CityJuly - Dec. 2017 Home SalesJuly - Dec. 2016 Home Sales% change (Total Home Sales)July - Dec. 2017 Median Sales PriceJuly - Dec. 2016 Median Sales Price% change (Median Sales Price)
Bonfield141216.7%$206,250$176,243.5017%
Chebanse45-20%$179,450$111,00061.7%
Bourbonnais171188-9%$177,900$157,50013%
Manteno877220.8%$165,000$168,000-1.8%
Essex161060%$162,500$179,000-9.2%
Herscher915-40%$155,000$127,00022%
Reddick34-25%$150,000$82,00082.9%
Limestone171070%$147,500$120,621.5022.3%
Grant Park231827.8%$135,000$149,500-9.7%
Bradley1471423.5%$117,900$121,450-2.9%
Momence484117.1%$102,500$122,000-16%

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