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Kane County Reporter

Tuesday, November 26, 2024

South Elgin home prices fall in September 2018

Realestate4

The median sale price of a home sold in September 2018 in South Elgin fell by $39,900 while total sales decreased by 37%, according to BlockShopper.com.

In September 2018, there were 17 homes sold, with a median sale price of $199,000 - a 16.7% decrease over the $238,900 median sale price for the same period of the previous year. There were 27 homes sold in South Elgin in September 2017.

The median sales tax in South Elgin for the most recent year with available data, 2017, was $6,030.90, approximately 3% of the median home sale price for September 2018.

The following table compares South Elgin to other Kane County cities with similar median sales prices in September 2018:

CitySept. 2018 Home SalesSept. 2017 Home Sales% change (Total Home Sales)Sept. 2018 Median Sales PriceSept. 2017 Median Sales Price% change (Median Sales Price)
Batavia3540-12.5%$225,500$274,000-17.7%
Gilberts990%$218,000$232,000-6%
East Dundee46-33.3%$215,000$232,500-7.5%
Elgin89122-27%$209,000$172,00021.5%
Big Rock41300%$205,000$180,00013.9%
South Elgin1727-37%$199,000$238,900-16.7%
Pingree Grove1015-33.3%$175,950$183,000-3.9%
Lily Lake20-$173,000$0-
Aurora123132-6.8%$163,000$152,5006.9%
Carpentersville3250-36%$157,108$155,4501.1%
Montgomery813-38.5%$139,250$235,900-41%

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