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Kane County Reporter

Wednesday, November 27, 2024

Geneva home prices rise in the second quarter of 2019

Realestate077

The median sale price of a home sold in the second quarter of 2019 in Geneva rose by $450 while total sales decreased by 11.1%, according to BlockShopper.com.

From April through June of 2019, there were 160 homes sold, with a median sale price of $334,450 - a 0.1% increase over the $334,000 median sale price for the same period of the previous year. There were 180 homes sold in Geneva in the second quarter of 2018.

The median sales tax in Geneva for the most recent year with available data, 2017, was $8,512, approximately 2.5% of the median home sale price for the second quarter of 2019.

The following table compares Geneva to other Kane County cities with similar median sales prices in the second quarter of 2019:

CityApr. - June 2019 Home SalesApr. - June 2018 Home Sales% change (Total Home Sales)Apr. - June 2019 Median Sales PriceApr. - June 2018 Median Sales Price% change (Median Sales Price)
Wayne8633.3%$576,603.99$698,750-17.5%
Wildrose30-$445,000$0-
Campton Hills706311.1%$443,750$420,0005.7%
Lily Lake39-66.7%$409,000$415,000-1.4%
Rainbow Hills13-66.7%$382,000$326,90016.9%
Geneva160180-11.1%$334,450$334,0000.1%
Batavia115137-16.1%$310,000$315,000-1.6%
St. Charles133175-24%$309,000$288,5007.1%
West Dundee41410%$289,000$234,80023.1%
Bowes12-50%$285,000$320,500-11.1%
Elburn3041-26.8%$272,000$278,000-2.2%

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