From January through June, there were three homes sold, with a median sale price of $375,000 - a 0.3 percent increase over the $374,000 median sale price for the same period of the previous year. There were eight homes sold in Rainbow Hills in the first half of 2021.
The median sales tax in Rainbow Hills for the most recent year with available data, 2019, was $7,577, approximately two percent of the median home sale price for the first half of 2022.
The following table compares Rainbow Hills to other Kane County cities with similar median sale prices in the first half of 2022:
| City | January - June 2022 Home Sales | January - June 2021 Home Sales | % change (Total Home Sales) | January - June 2022 Median Sales Price | January - June 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Tanner Woods | 4 | 5 | -20 | $470,000 | $395,000 | 19 |
| Geneva | 260 | 370 | -29.7 | $419,950 | $373,500 | 12.4 |
| Sleepy Hollow | 28 | 36 | -22.2 | $409,250 | $305,000 | 34.2 |
| Batavia | 201 | 221 | -9 | $376,000 | $335,000 | 12.2 |
| Lily Lake | 7 | 6 | 16.7 | $375,000 | $457,950 | -18.1 |
| Rainbow Hills | 3 | 8 | -62.5 | $375,000 | $374,000 | 0.3 |
| Prestbury | 17 | 25 | -32 | $370,000 | $290,000 | 27.6 |
| Elburn | 56 | 81 | -30.9 | $370,000 | $290,000 | 27.6 |
| St. Charles | 272 | 319 | -14.7 | $355,000 | $309,000 | 14.9 |
| Big Rock | 11 | 18 | -38.9 | $330,000 | $268,725 | 22.8 |
| West Dundee | 56 | 69 | -18.8 | $326,250 | $305,000 | 7 |
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