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Kane County Reporter

Monday, November 25, 2024

First half of 2022: Pingree Grove experienced a 14.2% increase in median home prices

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The median sale price of a home sold in the first half of 2022 in Pingree Grove rose by $29,900 while total sales decreased by 15.8 percent, according to BlockShopper.com.

From January through June, there were 85 homes sold, with a median sale price of $240,000 - a 14.2 percent increase over the $210,100 median sale price for the same period of the previous year. There were 101 homes sold in Pingree Grove in the first half of 2021.

The median sales tax in Pingree Grove for the most recent year with available data, 2019, was $6,207, approximately 2.6 percent of the median home sale price for the first half of 2022.

The following table compares Pingree Grove to other Kane County cities with similar median sale prices in the first half of 2022:

CityJanuary - June 2022 Home SalesJanuary - June 2021 Home Sales% change (Total Home Sales)January - June 2022 Median Sales PriceJanuary - June 2021 Median Sales Price% change (Median Sales Price)
Marywood330$295,000$214,90037.3
Kaneville45-20$278,500$215,00029.5
Burlington660$276,000$180,00053.3
Fox River Estates13-66.7$268,500$273,500-1.8
Elgin705743-5.1$245,000$222,00010.4
Pingree Grove85101-15.8$240,000$210,10014.2
Montgomery958314.5$240,000$218,00010.1
East Dundee3243-25.6$239,950$210,00014.3
Almora Heights36-50$235,000$247,500-5.1
Carpentersville276280-1.4$219,950$185,50018.6
Maple Park161060$215,250$254,000-15.3

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