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Kane County Reporter

Monday, November 25, 2024

Pingree Grove home prices fall in May 2017

Re 12

The median sale price of a home sold in May 2017 in Pingree Grove fell by $2,750 while total sales increased by 50%, according to BlockShopper.com.

In May 2017, there were 27 homes sold, with a median sale price of $184,750 - a 1.5% decrease over the $187,500 median sale price for the same period of the previous year. There were 18 homes sold in Pingree Grove in May 2016.

The median sales tax in Pingree Grove for 2017 was $6,184.14. In 2016, the median sales tax was $6,220.70. This marks an decrease of 0.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.3%.

The following table compares Pingree Grove to other Kane County cities with similar median sales prices in May 2017:

CityMay 2017 Home SalesMay 2016 Home Sales% change (Total Home Sales)May 2017 Median Sales PriceMay 2016 Median Sales Price% change (Median Sales Price)
Fox River Estates20-$217,450$0-
Montgomery191711.8%$215,000$198,0008.6%
Huntley181612.5%$209,950$216,500-3%
Algonquin231464.3%$194,000$250,200-22.5%
Marywood10-$188,500$0-
Pingree Grove271850%$184,750$187,500-1.5%
Elgin14512416.9%$178,000$164,5008.2%
Aurora15810945%$155,000$143,0008.4%
East Dundee12933.3%$149,250$167,000-10.6%
Carpentersville5658-3.4%$144,000$145,500-1%
Exposition View10-$112,000$0-

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