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Kane County Reporter

Tuesday, November 26, 2024

Geneva home prices rise in July 2018

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The median sale price of a home sold in July 2018 in Geneva rose by $42,365 while total sales increased by 5.4%, according to BlockShopper.com.

In July 2018, there were 59 homes sold, with a median sale price of $353,500 - a 13.6% increase over the $311,135 median sale price for the same period of the previous year. There were 56 homes sold in Geneva in July 2017.

The median sales tax in Geneva for the most recent year with available data, 2017, was $8,512.40, approximately 2.4% of the median home sale price for July 2018.

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

CityJuly 2018 Home SalesJuly 2017 Home Sales% change (Total Home Sales)July 2018 Median Sales PriceJuly 2017 Median Sales Price% change (Median Sales Price)
Wayne31200%$650,000$700,000-7.1%
Lily Lake31200%$510,000$292,00074.7%
Williamsburg Green110%$435,000$505,000-13.9%
Campton Hills302236.4%$425,000$394,9507.6%
Geneva59565.4%$353,500$311,13513.6%
Wildrose10-$345,000$0-
Prestbury78-12.5%$320,000$267,50019.6%
Batavia534129.3%$299,000$291,0002.7%
Big Rock16-83.3%$290,000$219,00032.4%
South Elgin4043-7%$290,000$225,00028.9%
Elburn15150%$284,000$265,0007.2%

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