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Kane County Reporter

Tuesday, November 19, 2024

Algonquin (Kane County) home prices fall in May 2019

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The median sale price of a home sold in May 2019 in Algonquin in Kane County fell by $42,500 while total sales increased by 23.1%, according to BlockShopper.com.

In May 2019, there were 16 homes sold, with a median sale price of $212,500 - a 16.7% decrease over the $255,000 median sale price for the same period of the previous year. There were 13 homes sold in Algonquin in May 2018.

The median sales tax in Algonquin for the most recent year with available data, 2017, was $7,234, approximately 3.4% of the median home sale price for May 2019.

The following table compares Algonquin 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)
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%
Hampshire1118-38.9%$210,000$281,500-25.4%
Kaneville110%$186,000$38,100388.2%
Pingree Grove251478.6%$184,000$213,950-14%
Maple Park220%$179,250$281,030-36.2%
Montgomery1319-31.6%$179,000$185,800-3.7%
* This story only considers sales data for the part of Algonquin that is in Kane County.

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