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Kankakee Times

Saturday, November 30, 2024

Grant Park home prices fall in the first half of 2018

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The median sale price of a home sold in the first half of 2018 in Grant Park fell by $6,750 while total sales increased by 18.8%, according to BlockShopper.com.

From January through June of 2018, there were 19 homes sold, with a median sale price of $167,000 - a 3.9% decrease over the $173,750 median sale price for the same period of the previous year. There were 16 homes sold in Grant Park in the first half of 2017.

The median sales tax in Grant Park for the most recent year with available data, 2017, was $4,416, approximately 2.6% of the median home sale price for the first half of 2018.

The following table compares Grant Park to other Kankakee County cities with similar median sales prices in the first half of 2018:

CityJan. - June 2018 Home SalesJan. - June 2017 Home Sales% change (Total Home Sales)Jan. - June 2018 Median Sales PriceJan. - June 2017 Median Sales Price% change (Median Sales Price)
Bonfield49-55.6%$222,500$180,00023.6%
Manteno7187-18.4%$194,500$180,0008.1%
Essex38-62.5%$188,000$165,00013.9%
Bourbonnais138146-5.5%$170,000$163,2004.2%
Grant Park191618.8%$167,000$173,750-3.9%
Herscher1014-28.6%$144,950$114,50026.6%
Reddick13-66.7%$140,000$52,500166.7%
Chebanse5425%$137,000$124,9259.7%
Bradley1241230.8%$124,900$113,00010.5%
Limestone818-55.6%$117,500$132,000-11%
Momence282512%$108,500$115,000-5.7%

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