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Kane County Reporter

Monday, November 25, 2024

Elburn home prices fall in the third quarter of 2018

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The median sale price of a home sold in the third quarter of 2018 in Elburn fell by $3,250 while total sales decreased by 18.9%, according to BlockShopper.com.

From July through September of 2018, there were 30 homes sold, with a median sale price of $252,750 - a 1.3% decrease over the $256,000 median sale price for the same period of the previous year. There were 37 homes sold in Elburn in the third quarter of 2017.

The median sales tax in Elburn for the most recent year with available data, 2017, was $7,623.10, approximately 3% of the median home sale price for the third quarter of 2018.

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

CityJuly - Sept. 2018 Home SalesJuly - Sept. 2017 Home Sales% change (Total Home Sales)July - Sept. 2018 Median Sales PriceJuly - Sept. 2017 Median Sales Price% change (Median Sales Price)
Sleepy Hollow1922-13.6%$267,000$319,500-16.4%
North Aurora72100-28%$263,500$249,9505.4%
Fox River Estates63100%$261,500$177,50047.3%
Algonquin563943.6%$255,600$275,000-7.1%
West Dundee35342.9%$255,000$238,7006.8%
Elburn3037-18.9%$252,750$256,000-1.3%
Almora Heights10-$248,000$0-
Hampshire514610.9%$245,000$247,750-1.1%
Marywood3250%$241,000$183,29731.5%
Sugar Grove4576-40.8%$240,000$253,500-5.3%
Huntley5265-20%$239,500$242,500-1.2%

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