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Kane County Reporter

Tuesday, November 19, 2024

South Elgin home prices rise in May 2019

Re 6

The median sale price of a home sold in May 2019 in South Elgin rose by $26,525 while total sales decreased by 11.1%, according to BlockShopper.com.

In May 2019, there were 32 homes sold, with a median sale price of $249,150 - a 11.9% increase over the $222,625 median sale price for the same period of the previous year. There were 36 homes sold in South Elgin in May 2018.

The median sales tax in South Elgin for the most recent year with available data, 2017, was $6,031, approximately 2.4% of the median home sale price for May 2019.

The following table compares South Elgin to other Kane County cities with similar median sales prices in May 2019:

CityMay 2019 Home SalesMay 2018 Home Sales% change (Total Home Sales)May 2019 Median Sales PriceMay 2018 Median Sales Price% change (Median Sales Price)
Batavia3647-23.4%$275,000$310,000-11.3%
Sugar Grove1819-5.3%$273,000$263,0003.8%
Elburn1214-14.3%$257,250$252,5001.9%
Prestbury78-12.5%$257,000$267,750-4%
Almora Heights10-$250,000$0-
South Elgin3236-11.1%$249,150$222,62511.9%
Elgin114121-5.8%$235,250$195,00020.6%
Huntley1923-17.4%$235,000$250,000-6%
Big Rock12-50%$225,000$240,504-6.4%
North Aurora292420.8%$225,000$225,0000%
Algonquin161323.1%$212,500$255,000-16.7%

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