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Kane County Reporter

Wednesday, November 27, 2024

Sugar Grove home prices fall in the first quarter of 2018

Realestate1

The median sale price of a home sold in the first quarter of 2018 in Sugar Grove fell by $36,500 while total sales decreased by 9.7%, according to BlockShopper.com.

From January through March of 2018, there were 28 homes sold, with a median sale price of $247,500 - a 12.9% decrease over the $284,000 median sale price for the same period of the previous year. There were 31 homes sold in Sugar Grove in the first quarter of 2017.

The median sales tax in Sugar Grove for the most recent year with available data, 2017, was $7,815.70, approximately 3.2% of the median home sale price for the first quarter of 2018.

The following table compares Sugar Grove to other Kane County cities with similar median sales prices in the first quarter of 2018:

CityJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
Lily Lake660%$274,000$278,450-1.6%
Algonquin1927-29.6%$271,500$190,05042.9%
Elburn282133.3%$266,500$195,00036.7%
Prestbury79-22.2%$266,500$249,0097%
North Aurora595213.5%$250,000$214,50016.6%
Sugar Grove2831-9.7%$247,500$284,000-12.9%
Sleepy Hollow1013-23.1%$242,000$250,000-3.2%
Novak Park13-66.7%$240,000$410,100-41.5%
West Dundee252213.6%$239,000$237,5000.6%
Big Rock6450%$238,250$258,000-7.7%
Gilberts2627-3.7%$232,500$212,0009.7%

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