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Tuesday, November 5, 2024

Sycamore home prices rise in the first quarter of 2017

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The median sale price of a home sold in the first quarter of 2017 in Sycamore rose by $60,865.61 while total sales decreased by 63.6%, according to BlockShopper.com.

From January through March of 2017, there were four homes sold, with a median sale price of $162,865.61 - a 59.7% increase over the $102,000 median sale price for the same period of the previous year. There were 11 homes sold in Sycamore in the first quarter of 2016.

The median sales tax in Sycamore for 2017 was $4,890.94. In 2016, the median sales tax was $4,719.50. This marks an increase of 3.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3%.

The following table compares Sycamore to other DeKalb County cities in the first quarter of 2017:

CityJan. - Mar. 2017 Home SalesJan. - Mar. 2016 Home Sales% change (Total Home Sales)Jan. - Mar. 2017 Median Sales PriceJan. - Mar. 2016 Median Sales Price% change (Median Sales Price)
Sycamore411-63.6%$162,865.61$102,00059.7%
Genoa25-60%$134,770$117,00015.2%
Sandwich46-33.3%$120,947$72,50066.8%
Cortland24-50%$111,975.50$90,60023.6%
Kingston12-50%$76,600$120,578-36.5%
DeKalb1630-46.7%$75,912.56$83,347.22-8.9%
Somonauk220%$71,319.50$89,062.50-19.9%
Malta12-50%$50,000$100,072.50-50%
Kirkland110%$35,000$63,750-45.1%
Hinckley20-$33,140$0-
Shabbona01-100%$0$39,100-100%
Waterman00-$0$0-
Maple Park01-100%$0$228,100-100%

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