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Kane County Reporter

Wednesday, November 27, 2024

Gilberts home prices rise in the second quarter of 2019

Realestate5

The median sale price of a home sold in the second quarter of 2019 in Gilberts rose by $38,000 while total sales increased by 11.9%, according to BlockShopper.com.

From April through June of 2019, there were 47 homes sold, with a median sale price of $265,000 - a 16.7% increase over the $227,000 median sale price for the same period of the previous year. There were 42 homes sold in Gilberts in the second quarter of 2018.

The median sales tax in Gilberts for the most recent year with available data, 2017, was $6,737, approximately 2.5% of the median home sale price for the second quarter of 2019.

The following table compares Gilberts 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)
West Dundee41410%$289,000$234,80023.1%
Bowes12-50%$285,000$320,500-11.1%
Elburn3041-26.8%$272,000$278,000-2.2%
Prestbury1518-16.7%$270,000$267,7500.8%
Sleepy Hollow1219-36.8%$268,250$280,000-4.2%
Gilberts474211.9%$265,000$227,00016.7%
Sugar Grove5174-31.1%$262,000$259,5001%
Williamsburg Green110%$260,000$459,000-43.4%
Almora Heights20-$252,500$0-
Hampshire4055-27.3%$250,300$257,000-2.6%
South Elgin96100-4%$249,950$255,750-2.3%

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