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Kane County Reporter

Wednesday, November 27, 2024

Gilberts home prices fall in July 2018

Re 7

The median sale price of a home sold in July 2018 in Gilberts fell by $32,750 while total sales increased by 23.1%, according to BlockShopper.com.

In July 2018, there were 16 homes sold, with a median sale price of $212,250 - a 13.4% decrease over the $245,000 median sale price for the same period of the previous year. There were 13 homes sold in Gilberts in July 2017.

The median sales tax in Gilberts for the most recent year with available data, 2017, was $6,737.20, approximately 3.2% of the median home sale price for July 2018.

The following table compares Gilberts 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)
Hampshire1618-11.1%$244,500$265,000-7.7%
Huntley1722-22.7%$237,000$241,311-1.8%
Sleepy Hollow68-25%$232,100$334,950-30.7%
Montgomery141040%$215,500$159,22535.3%
Burlington12-50%$212,500$168,00026.5%
Gilberts161323.1%$212,250$245,000-13.4%
Fox River Estates220%$200,000$168,25018.9%
Pingree Grove231735.3%$193,000$205,000-5.9%
Elgin119132-9.8%$190,000$189,4500.3%
Five Island Park12-50%$180,000$185,000-2.7%
East Dundee8633.3%$176,500$154,75014.1%

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