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Kane County Reporter

Monday, September 30, 2024

South Elgin home prices rise in November 2019

Re 12

The median sale price of a home sold in November 2019 in South Elgin rose by $2,700 while total sales increased by 37.5%, according to BlockShopper.com.

In November 2019, there were 22 homes sold, with a median sale price of $220,000 - a 1.2% increase over the $217,300 median sale price for the same period of the previous year. There were 16 homes sold in South Elgin in November 2018.

The median sales tax in South Elgin for the most recent year with available data, 2018, was $6,337, approximately 2.9% of the median home sale price for November 2019.

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

CityNov. 2019 Home SalesNov. 2018 Home Sales% change (Total Home Sales)Nov. 2019 Median Sales PriceNov. 2018 Median Sales Price% change (Median Sales Price)
Big Rock110%$251,100$354,000-29.1%
Pingree Grove9650%$249,900$269,750-7.4%
Hampshire131118.2%$237,001$310,000-23.5%
Montgomery1013-23.1%$235,750$180,00031%
Almora Heights10-$225,000$0-
South Elgin221637.5%$220,000$217,3001.2%
Gilberts7616.7%$218,000$281,800.50-22.6%
Elgin88106-17%$208,500$193,0008%
Novak Park110%$193,000$191,0001%
Burlington20-$185,000$0-
East Dundee440%$182,300$105,50072.8%

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