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Kankakee Times

Monday, November 25, 2024

Kankakee home prices rise 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 Kankakee rose by $13,300 while total sales decreased by 75.3%, according to BlockShopper.com.

From January through June of 2019, there were 48 homes sold, with a median sale price of $93,700 - a 16.5% increase over the $80,400 median sale price for the same period of the previous year. There were 194 homes sold in Kankakee in the first half of 2018.

The median sales tax in Kankakee for the most recent year with available data, 2017, was $2,621, approximately 2.8% of the median home sale price for the first half of 2019.

The following table compares Kankakee 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)
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%
Buckingham10-$40,000$0-

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