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Kankakee Times

Wednesday, November 27, 2024

Kankakee home prices rise in September 2018

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The median sale price of a home sold in September 2018 in Kankakee rose by $54,450 while total sales increased by 22.6%, according to BlockShopper.com.

In September 2018, there were 38 homes sold, with a median sale price of $113,450 - a 92.3% increase over the $59,000 median sale price for the same period of the previous year. There were 31 homes sold in Kankakee in September 2017.

The median sales tax in Kankakee for the most recent year with available data, 2017, was $2,621, approximately 2.3% of the median home sale price for September 2018.

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

CitySept. 2018 Home SalesSept. 2017 Home Sales% change (Total Home Sales)Sept. 2018 Median Sales PriceSept. 2017 Median Sales Price% change (Median Sales Price)
Grant Park330%$179,900$135,00033.3%
Bourbonnais3637-2.7%$176,450$165,0006.9%
Limestone31200%$154,900$156,500-1%
Manteno814-42.9%$144,950$148,250-2.2%
Bradley2127-22.2%$138,000$100,00038%
Momence6520%$126,000$100,00026%
Herscher42100%$117,000$109,0007.3%
Kankakee383122.6%$113,450$59,00092.3%
St. Anne13-66.7%$107,000$61,50074%
Aroma Park10-$35,000$0-
Sun River Terrace110%$25,000$56,000-55.4%

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