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Kankakee Times

Saturday, May 18, 2024

Median home prices in Kankakee fell to $72,500 in August 2021

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The median sale price of a home sold in August 2021 in Kankakee fell by $57,400 while total sales decreased by 54.5%, according to BlockShopper.com.

In August 2021, there were 15 homes sold, with a median sale price of $72,500 - a 44.2% decrease over the $129,900 median sale price for the same period of the previous year. There were 33 homes sold in Kankakee in August 2020.

The median sales tax in Kankakee for the most recent year with available data, 2019, was $2,544, approximately 3.5% of the median home sale price for August 2021.

The following table compares Kankakee to other Kankakee County cities with similar median sale prices in August 2021:

CityAug. 2021 Home SalesAug. 2020 Home Sales% change (Total Home Sales)Aug. 2021 Median Sales PriceAug. 2020 Median Sales Price% change (Median Sales Price)
Manteno919-52.6%$256,900$229,00012.2%
Bourbonnais440-90%$256,250$179,95042.4%
Momence49-55.6%$176,000$130,00035.4%
Bradley1823-21.7%$166,000$149,90010.7%
Limestone12-50%$150,000$131,50014.1%
St. Anne20-$122,500$0-
Chebanse110%$96,000$191,950-50%
Bonfield12-50%$95,000$242,000-60.7%
Aroma Park20-$77,200$0-
Kankakee1533-54.5%$72,500$129,900-44.2%
Hopkins Park10-$55,000$0-

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