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Kane County Reporter

Wednesday, November 20, 2024

2017 home sales: How did Kane County prices fare?

Re 7

Median prices rose slightly in most Kane County suburbs last year, but are still off as much as 57 percent from 2007 highs, adjusted for inflation, according to sales data collected by Blockshopper.com.

Prices rose by 15.5 percent in Hampshire, 10.5 percent in Huntley and 9.5 percent in Aurora. Carpentersville (+8 percent), Sugar Grove (+8 percent), Geneva (+6 percent), Elgin (+6 percent), St. Charles (+5.5 percent) and South Elgin (+5 percent) also saw prices go up over 2016. 

Prices fell in Algonquin by more than 2.5 percent.

Despite gains over 2016, real estate markets in the county's largest cities have had a difficult time recovering home values over the last 10 years. 

In Elgin, the median price fell from an inflation-adjusted $283,188 in 2007 to $175,000 in 2017 – a difference of 38 percent.

Median prices in Sugar Grove were 29 percent lower in 2017 than in 2007. Carpentersville (-28 percent), Algonquin (-27 percent), St. Charles (-23 percent), Hampshire (-22 percent), Aurora (-22 percent), and Geneva (-20 percent) also continue to see prices significantly lower than their 2007 peak.

Markets in Batavia and Huntley are among the best performers over the past 10 years but are still down nearly 20 percent each.

Wayne, Elgin, East Dundee and Campton Hills have the worst 10-year performances.

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Kane County 2017 median sale prices

CityProperties sold  2017Median sale price 2017Median sale price 2016Change in price
Lily Lake28$231,900$310,500-25.31%
Five Island Park5$170,000$208,500-18.47%
Wildrose11$350,000$412,500-15.15%
Gilberts192$212,000$240,500-11.85%
Wayne21$445,500$497,500-10.45%
West Dundee181$238,700$265,000-9.92%
Fox River Estates18$185,000$200,700-7.82%
Maple Park30$184,125$197,500-6.77%
Algonquin239$219,000$225,000-2.67%
Elburn166$243,250$241,7500.62%
Almora Heights5$232,500$228,9001.57%
Campton Hills292$395,000$385,0002.60%
East Dundee107$163,450$159,0002.80%
Pingree Grove229$188,755$182,5003.43%
Prestbury72$258,000$249,4503.43%
South Elgin455$234,000$223,0004.93%
Montgomery250$170,000$162,0004.94%
Kaneville12$205,000$194,0505.64%
St. Charles763$280,000$265,0005.66%
Elgin1,991$175,000$164,9006.12%
Geneva723$329,900$310,5006.25%
Sleepy Hollow93$285,000$267,0006.74%
Sugar Grove296$259,000$240,0007.92%
Carpentersville926$151,500$140,0008.21%
North Aurora404$237,000$217,7508.84%
Batavia716$278,000$255,0009.02%
Tanner Woods14$330,750$303,0009.16%
Aurora2,384$148,000$135,2009.47%
Big Rock37$250,000$227,00010.13%
Marywood17$206,250$187,20010.18%
Huntley299$234,500$212,00010.61%
Hampshire206$239,000$207,00015.46%
Bowes7$260,000$225,00015.56%
Burlington12$185,000$160,00015.63%
Williamsburg Green11$505,000$405,00024.69%
Exposition View14$112,000$84,90031.92%
Rainbow Hills16$326,111$239,50036.16%
Scraper-Moecherville28$96,500$63,50051.97%
Novak Park9$397,000$252,60057.17%
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10-year change in sale prices

2007 median sale prices are adjusted for inflation

CityProperties sold  2017Median sale price 2017Inflation-adjusted median sale price 2007Change in price
Lily Lake28$231,900$534,434-56.61%
Fox River Estates18$185,000$415,655-55.49%
Tanner Woods14$330,750$600,083-44.88%
Bowes7$260,000$458,775-43.33%
Scraper-Moecherville28$96,500$167,560-42.41%
Wayne21$445,500$765,820-41.83%
Elgin1,991$175,000$283,188-38.20%
East Dundee107$163,450$262,550-37.75%
Wildrose11$350,000$560,500-37.56%
Burlington12$185,000$294,410-37.16%
Novak Park9$397,000$628,545-36.84%
Campton Hills292$395,000$622,450-36.54%
Prestbury72$258,000$401,200-35.69%
North Aurora404$237,000$362,850-34.68%
Gilberts192$212,000$324,559-34.68%
Elburn166$243,250$370,352-34.32%
Marywood17$206,250$312,700-34.04%
Almora Heights5$232,500$350,143-33.60%
Montgomery250$170,000$250,691-32.19%
Pingree Grove229$188,755$268,096-29.59%
Sugar Grove296$259,000$364,988-29.04%
West Dundee181$238,700$333,350-28.39%
Sleepy Hollow93$285,000$397,955-28.38%
Carpentersville926$151,500$211,102-28.23%
Algonquin239$219,000$299,720-26.93%
St. Charles763$280,000$365,800-23.46%
Exposition View14$112,000$145,022-22.77%
Hampshire206$239,000$308,042-22.41%
Rainbow Hills16$326,111$420,080-22.37%
South Elgin455$234,000$300,900-22.23%
Aurora2,384$148,000$188,800-21.61%
Geneva723$329,900$414,180-20.35%
Maple Park30$184,125$230,100-19.98%
Kaneville12$205,000$253,700-19.20%
Huntley299$234,500$287,702-18.49%
Five Island Park5$170,000$208,270-18.38%
Batavia716$278,000$336,418-17.36%
Williamsburg Green11$505,000$516,250-2.18%
Big Rock37$250,000$253,700-1.46%
Source: BlockShopper.com; Kane County Recorder; Sales include all transactions that include financial consideration.

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