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Kane County Reporter

Wednesday, November 27, 2024

Algonquin (Kane County) home prices fall 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 Algonquin in Kane County fell by $9,500 while total sales increased by 12.3%, according to BlockShopper.com.

From January through June of 2019, there were 64 homes sold, with a median sale price of $238,500 - a 3.8% decrease over the $248,000 median sale price for the same period of the previous year. There were 57 homes sold in Algonquin in the first half of 2018.

The median sales tax in Algonquin for the most recent year with available data, 2017, was $7,234, approximately 3% of the median home sale price for the first half of 2019.

The following table compares Algonquin 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)
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%
Big Rock815-46.7%$225,000$231,500-2.8%
Maple Park11110%$223,000$165,00035.2%
Pingree Grove92893.4%$205,450$210,000-2.2%
Elgin589602-2.2%$203,000$188,0008%
* This story only considers sales data for the part of Algonquin that is in Kane County.

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