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Kane County Reporter

Monday, November 25, 2024

South Elgin home prices fall in July 2019

Re 11

The median sale price of a home sold in July 2019 in South Elgin fell by $5,050 while total sales decreased by 25%, according to BlockShopper.com.

In July 2019, there were 30 homes sold, with a median sale price of $284,950 - a 1.7% decrease over the $290,000 median sale price for the same period of the previous year. There were 40 homes sold in South Elgin in July 2018.

The median sales tax in South Elgin for the most recent year with available data, 2018, was $6,337, approximately 2.2% of the median home sale price for July 2019.

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

CityJuly 2019 Home SalesJuly 2018 Home Sales% change (Total Home Sales)July 2019 Median Sales PriceJuly 2018 Median Sales Price% change (Median Sales Price)
Hampshire1416-12.5%$301,500$244,50023.3%
Tanner Woods20-$301,250$0-
Gilberts231643.8%$299,500$212,25041.1%
Sugar Grove231921.1%$296,500$249,00019.1%
West Dundee811-27.3%$290,000$245,00018.4%
South Elgin3040-25%$284,950$290,000-1.7%
Elburn171513.3%$275,000$284,000-3.2%
Prestbury770%$270,000$320,000-15.6%
Pingree Grove24234.3%$260,500$193,00035%
Lily Lake330%$250,000$510,000-51%
North Aurora36339.1%$247,500$263,000-5.9%

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