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Kane County Reporter

Tuesday, November 26, 2024

Elburn home prices rise in March 2018

Re 1

The median sale price of a home sold in March 2018 in Elburn rose by $54,508 while total sales increased by 116.7%, according to BlockShopper.com.

In March 2018, there were 13 homes sold, with a median sale price of $263,000 - a 26.1% increase over the $208,492 median sale price for the same period of the previous year. There were six homes sold in Elburn in March 2017.

The median sales tax in Elburn for the most recent year with available data, 2017, was $7,623.10, approximately 2.9% of the median home sale price for March 2018.

The following table compares Elburn 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)
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%
Huntley13944.4%$245,000$210,00016.7%
Novak Park12-50%$240,000$275,000-12.7%

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