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Kankakee Times

Sunday, August 3, 2025

Herscher home prices fall in the second half of 2018

Realestate2

The median sale price of a home sold in the second half of 2018 in Herscher fell by $16,050 while total sales increased by 33.3%, according to BlockShopper.com.

From July through December of 2018, there were 12 homes sold, with a median sale price of $138,950 - a 10.4% decrease over the $155,000 median sale price for the same period of the previous year. There were nine homes sold in Herscher in the second half of 2017.

The median sales tax in Herscher for the most recent year with available data, 2017, was $3,498, approximately 2.5% of the median home sale price for the second half of 2018.

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

CityJuly - Dec. 2018 Home SalesJuly - Dec. 2017 Home Sales% change (Total Home Sales)July - Dec. 2018 Median Sales PriceJuly - Dec. 2017 Median Sales Price% change (Median Sales Price)
Manteno6887-21.8%$189,900$165,00015.1%
Grant Park2223-4.3%$179,950$135,00033.3%
Bourbonnais1761712.9%$172,250$177,900-3.2%
Chebanse24-50%$160,325$179,450-10.7%
Limestone18175.9%$145,000$147,500-1.7%
Herscher12933.3%$138,950$155,000-10.4%
Bradley129147-12.2%$135,000$117,90014.5%
Buckingham21100%$106,861.50$16,500547.6%
Momence3948-18.8%$101,000$102,500-1.5%
Kankakee227249-8.8%$100,550$70,00043.6%
Aroma Park37-57.1%$98,000$55,00078.2%

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