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Kane County Reporter

Monday, November 25, 2024

Gilberts home prices rise 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 Gilberts rose by $13,750 while total sales increased by 30%, according to BlockShopper.com.

From July through September of 2018, there were 39 homes sold, with a median sale price of $212,000 - a 6.9% increase over the $198,250 median sale price for the same period of the previous year. There were 30 homes sold in Gilberts in the third quarter of 2017.

The median sales tax in Gilberts for the most recent year with available data, 2017, was $6,737.20, approximately 3.2% of the median home sale price for the third quarter of 2018.

The following table compares Gilberts 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)
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%
Burlington12-50%$212,500$168,00026.5%
Gilberts393030%$212,000$198,2506.9%
Pingree Grove54515.9%$200,250$216,900-7.7%
Maple Park660%$199,250$177,50012.3%
Elgin374391-4.3%$197,600$183,5007.7%
Montgomery4044-9.1%$195,000$167,50016.4%
Five Island Park13-66.7%$180,000$170,0005.9%

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