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Kane County Reporter

Tuesday, November 26, 2024

Geneva home prices fall in March 2018

Re 1

The median sale price of a home sold in March 2018 in Geneva fell by $56,500 while total sales decreased by 18.6%, according to BlockShopper.com.

In March 2018, there were 35 homes sold, with a median sale price of $271,000 - a 17.3% decrease over the $327,500 median sale price for the same period of the previous year. There were 43 homes sold in Geneva in March 2017.

The median sales tax in Geneva for the most recent year with available data, 2017, was $8,512.40, approximately 3.1% of the median home sale price for March 2018.

The following table compares Geneva to other Kane County cities with similar median sales prices in March 2018:

CityMar. 2018 Home SalesMar. 2017 Home Sales% change (Total Home Sales)Mar. 2018 Median Sales PriceMar. 2017 Median Sales Price% change (Median Sales Price)
Campton Hills258212.5%$370,000$393,500-6%
Tanner Woods23-33.3%$332,000$356,500-6.9%
Batavia2527-7.4%$297,000$300,000-1%
Algonquin880%$292,500$252,50015.8%
Lily Lake4333.3%$274,000$231,90018.2%
Geneva3543-18.6%$271,000$327,500-17.3%
St. Charles3845-15.6%$270,500$281,500-3.9%
Elburn136116.7%$263,000$208,49226.1%
West Dundee141127.3%$260,830$260,0000.3%
Sugar Grove13862.5%$246,000$277,000-11.2%
Prestbury330%$245,000$251,189-2.5%

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