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Monday, November 25, 2024

Bourbonnais home prices fall in October 2018

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The median sale price of a home sold in October 2018 in Bourbonnais fell by $2,950 while total sales decreased by 16.7%, according to BlockShopper.com.

In October 2018, there were 25 homes sold, with a median sale price of $187,500 - a 1.5% decrease over the $190,450 median sale price for the same period of the previous year. There were 30 homes sold in Bourbonnais in October 2017.

The median sales tax in Bourbonnais for the most recent year with available data, 2017, was $4,093, approximately 2.2% of the median home sale price for October 2018.

The following table compares Bourbonnais 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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