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Kane County Reporter

Monday, November 25, 2024

Gilberts home prices rise in July 2019

Re 7

The median sale price of a home sold in July 2019 in Gilberts rose by $87,250 while total sales increased by 43.8%, according to BlockShopper.com.

In July 2019, there were 23 homes sold, with a median sale price of $299,500 - a 41.1% increase over the $212,250 median sale price for the same period of the previous year. There were 16 homes sold in Gilberts in July 2018.

The median sales tax in Gilberts for the most recent year with available data, 2018, was $6,025, approximately 2% of the median home sale price for July 2019.

The following table compares Gilberts 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)
St. Charles5965-9.2%$340,000$259,00031.3%
Sleepy Hollow7616.7%$310,000$232,10033.6%
Batavia3853-28.3%$308,320.50$299,0003.1%
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%

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