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Kane County Reporter

Tuesday, November 26, 2024

Big Rock home prices rise in the third quarter of 2017

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The median sale price of a home sold in the third quarter of 2017 in Big Rock rose by $6,000 while total sales decreased by 11.1%, according to BlockShopper.com.

From July through September of 2017, there were eight homes sold, with a median sale price of $218,000 - a 2.8% increase over the $212,000 median sale price for the same period of the previous year. There were nine homes sold in Big Rock in the third quarter of 2016.

The median sales tax in Big Rock for 2017 was $5,625. In 2016, the median sales tax was $5,451.50. This marks an increase of 3.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.6%.

The following table compares Big Rock to other Kane County cities with similar median sales prices in the third quarter of 2017:

CityJuly - Sept. 2017 Home SalesJuly - Sept. 2016 Home Sales% change (Total Home Sales)July - Sept. 2017 Median Sales PriceJuly - Sept. 2016 Median Sales Price% change (Median Sales Price)
North Aurora1007729.9%$249,950$218,00014.7%
Hampshire4653-13.2%$247,750$238,5003.9%
Huntley6572-9.7%$242,500$212,50014.1%
South Elgin1198736.8%$240,000$228,0005.3%
West Dundee342821.4%$238,700$250,000-4.5%
Big Rock89-11.1%$218,000$212,0002.8%
Pingree Grove51502%$216,900$200,0008.5%
Gilberts3037-18.9%$198,250$237,500-16.5%
East Dundee20200%$191,000$170,00012.4%
Elgin391392-0.3%$183,500$168,0009.2%
Marywood24-50%$183,297$171,7506.7%

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