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DeKalb Times

Saturday, November 23, 2024

DeKalb home prices fall in the second quarter of 2017

Realestate5

The median sale price of a home sold in the second quarter of 2017 in DeKalb fell by $5,315 while total sales decreased by 35%, according to BlockShopper.com.

From April through June of 2017, there were 13 homes sold, with a median sale price of $81,000 - a 6.2% decrease over the $86,315 median sale price for the same period of the previous year. There were 20 homes sold in DeKalb in the second quarter of 2016.

The median sales tax in DeKalb for 2017 was $4,770.90. In 2016, the median sales tax was $4,697.90. This marks an increase of 1.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 5.9%.

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

CityApr. - June 2017 Home SalesApr. - June 2016 Home Sales% change (Total Home Sales)Apr. - June 2017 Median Sales PriceApr. - June 2016 Median Sales Price% change (Median Sales Price)
Cortland34-25%$109,560$95,76414.4%
Sandwich36-50%$102,200$61,73065.6%
Waterman220%$100,262.93$63,50057.9%
Hinckley12-50%$99,275$175,002.08-43.3%
Sycamore410-60%$98,180$95,4002.9%
Genoa550%$82,490$92,455-10.8%
DeKalb1320-35%$81,000$86,315-6.2%
Somonauk10-$67,240$0-
Malta110%$51,565.90$20,899146.7%
Kirkland10-$49,000$0-
Shabbona00-$0$0-
Maple Park00-$0$0-
Kingston03-100%$0$91,800-100%

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