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Kankakee Times

Saturday, November 30, 2024

Kankakee 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 Kankakee rose by $14,700 while total sales decreased by 0.5%, according to BlockShopper.com.

From January through June of 2018, there were 194 homes sold, with a median sale price of $82,700 - a 21.6% increase over the $68,000 median sale price for the same period of the previous year. There were 195 homes sold in Kankakee in the first half of 2017.

The median sales tax in Kankakee for the most recent year with available data, 2017, was $2,621, approximately 3.2% of the median home sale price for the first half of 2018.

The following table compares Kankakee 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)
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-
Hopkins Park110%$13,769$52,500-73.8%

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