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Saturday, April 20, 2024

Sun River Terrace home prices rise in the second half of 2019

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The median sale price of a home sold in the second half of 2019 in Sun River Terrace rose by $19,500 while total sales increased by 50%, according to BlockShopper.com.

From July through December of 2019, there were three homes sold, with a median sale price of $62,000 - a 45.9% increase over the $42,500 median sale price for the same period of the previous year. There were two homes sold in Sun River Terrace in the second half of 2018.

The median sales tax in Sun River Terrace for the most recent year with available data, 2017, was $1,319, approximately 2.1% of the median home sale price for the second half of 2019.

The following table compares Sun River Terrace to other Kankakee County cities with similar median sales prices in the second half of 2019:

CityJuly - Dec. 2019 Home SalesJuly - Dec. 2018 Home Sales% change (Total Home Sales)July - Dec. 2019 Median Sales PriceJuly - Dec. 2018 Median Sales Price% change (Median Sales Price)
Grant Park2122-4.5%$170,000$179,950-5.5%
Limestone1619-15.8%$157,500$145,0008.6%
Herscher612-50%$129,750$138,950-6.6%
Bradley133134-0.7%$125,000$133,000-6%
Momence464015%$111,500$100,517.5010.9%
Aroma Park105100%$106,950$48,060122.5%
Kankakee206235-12.3%$93,250$100,550-7.3%
Chebanse4333.3%$76,250$178,250-57.2%
St. Anne9580%$64,000$65,000-1.5%
Sun River Terrace3250%$62,000$42,50045.9%
Hopkins Park330%$52,000$22,000136.4%

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