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Sunday, December 22, 2024

Genoa home prices rise in the first quarter of 2017

Realestate1

The median sale price of a home sold in the first quarter of 2017 in Genoa rose by $17,770 while total sales decreased by 60%, according to BlockShopper.com.

From January through March of 2017, there were two homes sold, with a median sale price of $134,770 - a 15.2% increase over the $117,000 median sale price for the same period of the previous year. There were five homes sold in Genoa in the first quarter of 2016.

The median sales tax in Genoa for 2017 was $4,668.26. In 2016, the median sales tax was $4,442. This marks an increase of 5.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.5%.

The following table compares Genoa 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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