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Kankakee Times

Monday, November 25, 2024

Momence home prices fall in August 2018

Re 9

The median sale price of a home sold in August 2018 in Momence fell by $38,750 while total sales decreased by 33.3%, according to BlockShopper.com.

In August 2018, there were eight homes sold, with a median sale price of $80,000 - a 32.6% decrease over the $118,750 median sale price for the same period of the previous year. There were 12 homes sold in Momence in August 2017.

The median sales tax in Momence for the most recent year with available data, 2017, was $2,459, approximately 3.1% of the median home sale price for August 2018.

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

CityAug. 2018 Home SalesAug. 2017 Home Sales% change (Total Home Sales)Aug. 2018 Median Sales PriceAug. 2017 Median Sales Price% change (Median Sales Price)
Manteno1620-20%$210,250$185,25013.5%
Essex10-$210,000$0-
Bourbonnais393030%$174,000$163,7506.3%
Limestone440%$173,500$135,60027.9%
Grant Park330%$135,000$145,000-6.9%
Bradley2427-11.1%$125,450$137,000-8.4%
Kankakee53498.2%$87,000$75,00016%
Momence812-33.3%$80,000$118,750-32.6%
Herscher220%$67,294.50$203,000-66.9%
Buckingham10-$58,723$0-
Hopkins Park20-$19,250$0-

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