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Kankakee Times

Friday, November 22, 2024

Momence home prices fall in January 2017

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The median sale price of a home sold in January 2017 in Momence fell by $14,900 while total sales increased by 66.7%, according to BlockShopper.com.

In January 2017, there were five homes sold, with a median sale price of $115,000 - a 11.5% decrease over the $129,900 median sale price for the same period of the previous year. There were three homes sold in Momence in January 2016.

The median sales tax in Momence for 2017 was $2,459. In 2016, the median sales tax was $2,394. This marks an increase of 2.7%. 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 Momence to other Kankakee County cities in January 2017:

CityJan. 2017 Home SalesJan. 2016 Home Sales% change (Total Home Sales)Jan. 2017 Median Sales PriceJan. 2016 Median Sales Price% change (Median Sales Price)
Bonfield10-$240,000$0-
Limestone51400%$150,000$290,000-48.3%
Bourbonnais1315-13.3%$147,900$103,00043.6%
Manteno141127.3%$139,950$140,000-0%
Momence5366.7%$115,000$129,900-11.5%
Aroma Park13-66.7%$107,000$7,0001428.6%
Bradley201353.8%$101,250$86,00017.7%
Herscher220%$81,500$89,750-9.2%
Grant Park25-60%$62,324.50$140,000-55.5%
Hopkins Park10-$52,500$0-
Kankakee20200%$40,000$81,000-50.6%
Essex00-$0$0-
Sun River Terrace01-100%$0$62,000-100%
Reddick00-$0$0-
Buckingham00-$0$0-
St. Anne02-100%$0$34,250-100%
Chebanse01-100%$0$162,500-100%

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