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Saturday, November 30, 2024

Limestone 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 Limestone fell by $14,500 while total sales decreased by 55.6%, according to BlockShopper.com.

From January through June of 2018, there were eight homes sold, with a median sale price of $117,500 - a 11% decrease over the $132,000 median sale price for the same period of the previous year. There were 18 homes sold in Limestone in the first half of 2017.

The median sales tax in Limestone for the most recent year with available data, 2017, was $2,921, approximately 2.5% of the median home sale price for the first half of 2018.

The following table compares Limestone 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)
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%
Kankakee194195-0.5%$82,700$68,00021.6%
St. Anne7475%$59,500$39,50050.6%
Aroma Park910-10%$40,000$76,000-47.4%
Sun River Terrace10-$19,500$0-

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