From January through December of 2017, there were 23 homes sold, with a median sale price of $121,000 - a 6.9% decrease over the $130,000 median sale price for the previous year. There were 23 homes sold in Herscher in 2016, as well.
The median sales tax in Herscher for 2017 was $3,498. In 2016, the median sales tax was $3,374. This marks an increase of 3.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.9%.
The following table compares Herscher to other Kankakee County cities with similar median sales prices in 2017:
| City | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Essex | 24 | 14 | 71.4% | $162,500 | $188,000 | -13.6% |
| Grant Park | 39 | 34 | 14.7% | $145,000 | $145,500 | -0.3% |
| Limestone | 35 | 21 | 66.7% | $139,000 | $132,000 | 5.3% |
| Reddick | 6 | 5 | 20% | $127,500 | $89,000 | 43.3% |
| Chebanse | 8 | 10 | -20% | $124,925 | $171,250 | -27.1% |
| Herscher | 23 | 23 | 0% | $121,000 | $130,000 | -6.9% |
| Bradley | 270 | 258 | 4.7% | $116,450 | $119,000 | -2.1% |
| Momence | 73 | 69 | 5.8% | $107,000 | $115,000 | -7% |
| Aroma Park | 17 | 14 | 21.4% | $73,500 | $53,125 | 38.4% |
| Kankakee | 444 | 414 | 7.2% | $69,900 | $61,000 | 14.6% |
| Buckingham | 2 | 4 | -50% | $67,000 | $189,000 | -64.6% |
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