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Kane County Reporter

Wednesday, November 27, 2024

South Elgin home prices rise in the first half of 2019

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The median sale price of a home sold in the first half of 2019 in South Elgin rose by $18,000 while total sales increased by 7.3%, according to BlockShopper.com.

From January through June of 2019, there were 147 homes sold, with a median sale price of $246,000 - a 7.9% increase over the $228,000 median sale price for the same period of the previous year. There were 137 homes sold in South Elgin in the first half of 2018.

The median sales tax in South Elgin for the most recent year with available data, 2017, was $6,031, approximately 2.5% of the median home sale price for the first half of 2019.

The following table compares South Elgin to other Kane County cities with similar median sales prices in the first half of 2019:

CityJan. - June 2019 Home SalesJan. - June 2018 Home Sales% change (Total Home Sales)Jan. - June 2019 Median Sales PriceJan. - June 2018 Median Sales Price% change (Median Sales Price)
Sugar Grove85102-16.7%$262,000$255,5002.5%
Williamsburg Green31200%$260,000$459,000-43.4%
Elburn5369-23.2%$256,000$275,000-6.9%
Almora Heights31200%$255,000$150,00070%
North Aurora127149-14.8%$253,500$260,000-2.5%
South Elgin1471377.3%$246,000$228,0007.9%
Hampshire6171-14.1%$246,000$250,000-1.6%
Marywood4333.3%$244,000$215,00013.5%
Gilberts70682.9%$241,450$228,5005.7%
Algonquin645712.3%$238,500$248,000-3.8%
Huntley82793.8%$238,000$242,000-1.7%

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