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Friday, April 19, 2024

Bourbonnais home prices rise in the fourth quarter of 2019

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The median sale price of a home sold in the fourth quarter of 2019 in Bourbonnais rose by $3,450 while total sales increased by 26.8%, according to BlockShopper.com.

From October through December of 2019, there were 90 homes sold, with a median sale price of $178,450 - a 2% increase over the $175,000 median sale price for the same period of the previous year. There were 71 homes sold in Bourbonnais in the fourth quarter of 2018.

The median sales tax in Bourbonnais for the most recent year with available data, 2017, was $4,093, approximately 2.3% of the median home sale price for the fourth quarter of 2019.

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

CityOct. - Dec. 2019 Home SalesOct. - Dec. 2018 Home Sales% change (Total Home Sales)Oct. - Dec. 2019 Median Sales PriceOct. - Dec. 2018 Median Sales Price% change (Median Sales Price)
Reddick110%$190,000$245,000-22.4%
Essex36-50%$185,000$173,0006.9%
Manteno2935-17.1%$180,000$189,900-5.2%
Bourbonnais907126.8%$178,450$175,0002%
Limestone10100%$160,000$128,50024.5%
Grant Park814-42.9%$139,000$186,500-25.5%
Bonfield42100%$134,000$115,00016.5%
Bradley625317%$117,500$135,000-13%
Chebanse12-50%$115,000$160,325-28.3%
Momence321877.8%$111,500$100,50010.9%
Kankakee1081025.9%$91,000$94,250-3.4%

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