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Wednesday, February 19, 2020

Momence home prices fall in June 2017

Real Estate

By Local Labs News Service | Jul 7, 2017

Re 14

The median sale price of a home sold in June 2017 in Momence fell by $16,150 while total sales remained unchanged with eight homes sold, according to BlockShopper.com.

In June 2017, there were eight homes sold, with a median sale price of $107,050 - a 13.1% decrease over the $123,200 median sale price for the same period of the previous year. There were eight homes sold in Momence in June 2016, as well.

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 2.3%.

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

City
June 2017 Home Sales
June 2016 Home Sales
% change (Total Home Sales)
June 2017 Median Sales Price
June 2016 Median Sales Price
% change (Median Sales Price)
Bonfield
4
1
300%
$195,000
$215,000
-9.3%
Bourbonnais
39
53
-26.4%
$170,000
$172,000
-1.2%
Chebanse
1
1
0%
$142,000
$228,176
-37.8%
Bradley
29
33
-12.1%
$135,000
$129,500
4.2%
Buckingham
1
0
-
$117,500
$0
-
Herscher
3
0
-
$115,000
$0
-
Momence
8
8
0%
$107,050
$123,200
-13.1%
Limestone
3
1
200%
$100,000
$350,000
-71.4%
Kankakee
46
53
-13.2%
$96,450
$58,800
64%
St. Anne
2
1
100%
$39,500
$114,000
-65.4%
Aroma Park
3
0
-
$37,500
$0
-

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