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Kankakee Times

Monday, November 25, 2024

Kankakee home prices rise in October 2018

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The median sale price of a home sold in October 2018 in Kankakee rose by $12,276 while total sales increased by 7.5%, according to BlockShopper.com.

In October 2018, there were 43 homes sold, with a median sale price of $85,000 - a 16.9% increase over the $72,725 median sale price for the same period of the previous year. There were 40 homes sold in Kankakee in October 2017.

The median sales tax in Kankakee for the most recent year with available data, 2017, was $2,621, approximately 3.1% of the median home sale price for October 2018.

The following table compares Kankakee 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)
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%
St. Anne40-$58,500$0-

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