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Kankakee Times

Wednesday, December 25, 2024

Kankakee home prices rise in May 2019

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The median sale price of a home sold in May 2019 in Kankakee rose by $130,750 while total sales decreased by 87.5%, according to BlockShopper.com.

In May 2019, there were four homes sold, with a median sale price of $184,750 - a 242.1% increase over the $54,000 median sale price for the same period of the previous year. There were 32 homes sold in Kankakee in May 2018.

The median sales tax in Kankakee for the most recent year with available data, 2017, was $2,621, approximately 1.4% of the median home sale price for May 2019.

The following table compares Kankakee to other Kankakee County cities in May 2019:

CityMay 2019 Home SalesMay 2018 Home Sales% change (Total Home Sales)May 2019 Median Sales PriceMay 2018 Median Sales Price% change (Median Sales Price)
Manteno112-91.7%$270,000$180,75049.4%
Kankakee432-87.5%$184,750$54,000242.1%
Limestone12-50%$143,500$132,5008.3%
Bourbonnais225-92%$121,200$179,000-32.3%
Momence18-87.5%$114,500$123,000-6.9%
Aroma Park03-100%$0$55,000-100%
Sun River Terrace00-$0$0-
Reddick00-$0$0-
Hopkins Park00-$0$0-
Bradley029-100%$0$114,500-100%
Buckingham00-$0$0-
Herscher02-100%$0$166,450-100%
Grant Park04-100%$0$166,500-100%
Bonfield00-$0$0-
St. Anne02-100%$0$70,000-100%
Chebanse01-100%$0$168,000-100%
Essex01-100%$0$188,000-100%

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