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Kane County Reporter

Wednesday, November 27, 2024

South Elgin home prices fall in June 2019

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The median sale price of a home sold in June 2019 in South Elgin fell by $17,750 while total sales decreased by 4.8%, according to BlockShopper.com.

In June 2019, there were 40 homes sold, with a median sale price of $260,500 - a 6.4% decrease over the $278,250 median sale price for the same period of the previous year. There were 42 homes sold in South Elgin in June 2018.

The median sales tax in South Elgin for the most recent year with available data, 2017, was $6,031, approximately 2.3% of the median home sale price for June 2019.

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

CityJune 2019 Home SalesJune 2018 Home Sales% change (Total Home Sales)June 2019 Median Sales PriceJune 2018 Median Sales Price% change (Median Sales Price)
West Dundee23224.5%$275,000$240,00014.6%
Prestbury56-16.7%$270,000$298,750-9.6%
Marywood110%$265,000$265,0000%
North Aurora2639-33.3%$263,500$269,000-2%
Big Rock24-50%$262,500$235,75011.3%
South Elgin4042-4.8%$260,500$278,250-6.4%
Algonquin1315-13.3%$259,000$282,000-8.2%
Sleepy Hollow48-50%$256,750$280,000-8.3%
Sugar Grove2134-38.2%$255,000$270,000-5.6%
Hampshire1525-40%$255,000$238,0007.1%
Almora Heights10-$255,000$0-

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