From July through September of 2018, there were four homes sold, with a median sale price of $279,750 - a 12.1% decrease over the $318,250 median sale price for the same period of the previous year. There were two homes sold in Rainbow Hills in the third quarter of 2017.
The median sales tax in Rainbow Hills for the most recent year with available data, 2017, was $7,264.20, approximately 2.6% of the median home sale price for the third quarter of 2018.
The following table compares Rainbow Hills to other Kane County cities with similar median sales prices in the third quarter of 2018:
| City | July - Sept. 2018 Home Sales | July - Sept. 2017 Home Sales | % change (Total Home Sales) | July - Sept. 2018 Median Sales Price | July - Sept. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Wildrose | 3 | 0 | - | $345,000 | $0 | - |
| Lily Lake | 5 | 3 | 66.7% | $335,000 | $390,000 | -14.1% |
| Geneva | 167 | 185 | -9.7% | $335,000 | $313,270 | 6.9% |
| Big Rock | 9 | 8 | 12.5% | $290,000 | $218,000 | 33% |
| Prestbury | 9 | 17 | -47.1% | $285,000 | $265,000 | 7.5% |
| Rainbow Hills | 4 | 2 | 100% | $279,750 | $318,250 | -12.1% |
| St. Charles | 171 | 169 | 1.2% | $278,000 | $282,000 | -1.4% |
| Batavia | 122 | 124 | -1.6% | $276,750 | $298,500 | -7.3% |
| South Elgin | 92 | 119 | -22.7% | $268,500 | $240,000 | 11.9% |
| Sleepy Hollow | 19 | 22 | -13.6% | $267,000 | $319,500 | -16.4% |
| North Aurora | 72 | 100 | -28% | $263,500 | $249,950 | 5.4% |
Alerts Sign-up