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Kankakee Times

Saturday, November 30, 2024

Herscher home prices rise 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 Herscher rose by $30,450 while total sales decreased by 28.6%, according to BlockShopper.com.

From January through June of 2018, there were 10 homes sold, with a median sale price of $144,950 - a 26.6% increase over the $114,500 median sale price for the same period of the previous year. There were 14 homes sold in Herscher in the first half of 2017.

The median sales tax in Herscher for the most recent year with available data, 2017, was $3,498, approximately 2.4% of the median home sale price for the first half of 2018.

The following table compares Herscher 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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