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Kankakee Times

Monday, November 25, 2024

Limestone home prices rise in 2017

Realestate5

The median sale price of a home sold in 2017 in Limestone rose by $7,000 while total sales increased by 66.7%, according to BlockShopper.com.

From January through December of 2017, there were 35 homes sold, with a median sale price of $139,000 - a 5.3% increase over the $132,000 median sale price for the previous year. There were 21 homes sold in Limestone in 2016.

The median sales tax in Limestone for 2017 was $2,921. In 2016, the median sales tax was $2,832. This marks an increase of 3.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.1%.

The following table compares Limestone to other Kankakee County cities with similar median sales prices in 2017:

CityJan. - Dec. 2017 Home SalesJan. - Dec. 2016 Home Sales% change (Total Home Sales)Jan. - Dec. 2017 Median Sales PriceJan. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Bonfield231921.1%$205,000$180,48713.6%
Bourbonnais317348-8.9%$168,900$162,2504.1%
Manteno17413727%$168,750$165,0002.3%
Essex241471.4%$162,500$188,000-13.6%
Grant Park393414.7%$145,000$145,500-0.3%
Limestone352166.7%$139,000$132,0005.3%
Reddick6520%$127,500$89,00043.3%
Chebanse810-20%$124,925$171,250-27.1%
Herscher23230%$121,000$130,000-6.9%
Bradley2702584.7%$116,450$119,000-2.1%
Momence73695.8%$107,000$115,000-7%

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