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Kankakee Times

Monday, November 25, 2024

Grant Park home prices rise in October 2018

Re 6

The median sale price of a home sold in October 2018 in Grant Park rose by $142,000 while total sales remained unchanged with five homes sold, according to BlockShopper.com.

In October 2018, there were five homes sold, with a median sale price of $302,000 - a 88.8% increase over the $160,000 median sale price for the same period of the previous year. There were five homes sold in Grant Park in October 2017, as well.

The median sales tax in Grant Park for the most recent year with available data, 2017, was $4,416, approximately 1.5% of the median home sale price for October 2018.

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

CityOct. 2018 Home SalesOct. 2017 Home Sales% change (Total Home Sales)Oct. 2018 Median Sales PriceOct. 2017 Median Sales Price% change (Median Sales Price)
Grant Park550%$302,000$160,00088.8%
Reddick10-$245,000$0-
Bourbonnais2530-16.7%$187,500$190,450-1.5%
Chebanse110%$178,250$239,900-25.7%
Manteno16156.7%$168,750$205,000-17.7%
Essex26-66.7%$149,500$168,250-11.1%
Herscher10-$147,000$0-
Momence990%$130,000$90,00044.4%
Bradley2325-8%$127,950$125,0002.4%
Limestone3250%$117,000$239,700-51.2%
Kankakee43407.5%$85,000$72,724.5016.9%

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