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Kankakee Times

Monday, November 25, 2024

Bourbonnais home prices fall in the first half of 2019

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The median sale price of a home sold in the first half of 2019 in Bourbonnais fell by $22,250 while total sales decreased by 76.8%, according to BlockShopper.com.

From January through June of 2019, there were 32 homes sold, with a median sale price of $147,750 - a 13.1% decrease over the $170,000 median sale price for the same period of the previous year. There were 138 homes sold in Bourbonnais in the first half of 2018.

The median sales tax in Bourbonnais for the most recent year with available data, 2017, was $4,093, approximately 2.8% of the median home sale price for the first half of 2019.

The following table compares Bourbonnais to other Kankakee County cities with similar median sales prices in the first half of 2019:

CityJan. - June 2019 Home SalesJan. - June 2018 Home Sales% change (Total Home Sales)Jan. - June 2019 Median Sales PriceJan. - June 2018 Median Sales Price% change (Median Sales Price)
Manteno2171-70.4%$212,000$194,5009%
Essex13-66.7%$200,000$188,0006.4%
Grant Park319-84.2%$152,500$167,000-8.7%
Limestone48-50%$150,750$117,50028.3%
Aroma Park19-88.9%$150,000$40,000275%
Bourbonnais32138-76.8%$147,750$170,000-13.1%
Bradley28124-77.4%$129,450$124,9003.6%
Herscher28-75%$122,375$144,950-15.6%
St. Anne27-71.4%$102,500$59,50072.3%
Kankakee48194-75.3%$93,700$80,40016.5%
Momence928-67.9%$79,000$108,500-27.2%

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