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Kankakee Times

Friday, November 29, 2024

Kankakee home prices rise in July 2018

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The median sale price of a home sold in July 2018 in Kankakee rose by $49,996 while total sales decreased by 19%, according to BlockShopper.com.

In July 2018, there were 34 homes sold, with a median sale price of $100,950 - a 98.1% increase over the $50,954 median sale price for the same period of the previous year. There were 42 homes sold in Kankakee in July 2017.

The median sales tax in Kankakee for the most recent year with available data, 2017, was $2,621, approximately 2.6% of the median home sale price for July 2018.

The following table compares Kankakee to other Kankakee County cities with similar median sales prices in July 2018:

CityJuly 2018 Home SalesJuly 2017 Home Sales% change (Total Home Sales)July 2018 Median Sales PriceJuly 2017 Median Sales Price% change (Median Sales Price)
Bonfield110%$183,000$119,00053.8%
Herscher20-$168,950$0-
Grant Park28-75%$166,000$127,25030.5%
Limestone13-66.7%$164,000$147,50011.2%
Manteno916-43.8%$159,000$162,500-2.2%
Bourbonnais3043-30.2%$157,888.50$202,000-21.8%
Buckingham10-$155,000$0-
Bradley3134-8.8%$135,500$119,95013%
Kankakee3442-19%$100,950$50,95498.1%
Momence7475%$100,035$122,750-18.5%
Hopkins Park110%$25,000$61,000-59%

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