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Kankakee Times

Saturday, November 23, 2024

Kankakee home prices fall in July 2019

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The median sale price of a home sold in July 2019 in Kankakee fell by $13,200 while total sales increased by 4.8%, according to BlockShopper.com.

In July 2019, there were 44 homes sold, with a median sale price of $87,750 - a 13.1% decrease over the $100,950 median sale price for the same period of the previous year. There were 42 homes sold in Kankakee in July 2018.

The median sales tax in Kankakee for the most recent year with available data, 2017, was $2,621, approximately 3% of the median home sale price for July 2019.

The following table compares Kankakee to other Kankakee County cities with similar median sales prices in July 2019:

CityJuly 2019 Home SalesJuly 2018 Home Sales% change (Total Home Sales)July 2019 Median Sales PriceJuly 2018 Median Sales Price% change (Median Sales Price)
Reddick21100%$170,000$93,10082.6%
Essex330%$165,000$200,000-17.5%
Bradley2236-38.9%$158,200$130,50021.2%
Aroma Park3250%$125,000$37,530233.1%
Limestone220%$101,000$232,000-56.5%
St. Anne20-$94,750$0-
Momence68-25%$91,500$98,267.50-6.9%
Kankakee44424.8%$87,750$100,950-13.1%
Hopkins Park110%$69,875$25,000179.5%
Sun River Terrace10-$62,000$0-
Chebanse21100%$28,750$179,000-83.9%

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