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Kankakee Times

Monday, November 25, 2024

Aroma Park 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 Aroma Park rose by $2,000 while total sales decreased by 12.5%, according to BlockShopper.com.

From July through December of 2017, there were seven homes sold, with a median sale price of $55,000 - a 3.8% increase over the $53,000 median sale price for the same period of the previous year. There were eight homes sold in Aroma Park in the second half of 2016.

The median sales tax in Aroma Park for 2017 was $2,404. In 2016, the median sales tax was $2,360. This marks an increase of 1.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 4.4%.

The following table compares Aroma Park 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)
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%
St. Anne67-14.3%$76,045.50$23,000230.6%
Kankakee24921615.3%$70,000$59,159.5018.3%
Hopkins Park13-66.7%$61,000$23,000165.2%
Aroma Park78-12.5%$55,000$53,0003.8%
Sun River Terrace41300%$26,900$130,000-79.3%
Buckingham12-50%$16,500$199,250-91.7%

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