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Kane County Reporter

Sunday, November 24, 2024

Geneva home prices rise in January 2017

Realestate2

The median sale price of a home sold in January 2017 in Geneva rose by $1,250 while total sales increased by 7.1%, according to BlockShopper.com.

In January 2017, there were 30 homes sold, with a median sale price of $301,250 - a 0.4% increase over the $300,000 median sale price for the same period of the previous year. There were 28 homes sold in Geneva in January 2016.

The median sales tax in Geneva for 2017 was $8,512.42. In 2016, the median sales tax was $8,440.70. This marks an increase of 0.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.8%.

The following table compares Geneva to other Kane County cities with similar median sales prices in January 2017:

CityJan. 2017 Home SalesJan. 2016 Home Sales% change (Total Home Sales)Jan. 2017 Median Sales PriceJan. 2016 Median Sales Price% change (Median Sales Price)
Campton Hills104150%$361,500$365,000-1%
Rainbow Hills20-$358,610.50$0-
Wayne10-$355,000$0-
Lily Lake30-$325,000$0-
Geneva30287.1%$301,250$300,0000.4%
Batavia312147.6%$282,500$267,5005.6%
Sugar Grove1012-16.7%$273,250$267,7502.1%
Prestbury23-33.3%$272,500$292,000-6.7%
Sleepy Hollow70-$250,000$0-
Kaneville110%$233,000$208,10012%
North Aurora221637.5%$230,000$193,00019.2%

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