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Sunday, November 24, 2024

Sycamore home prices rise in the fourth quarter of 2017

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The median sale price of a home sold in the fourth quarter of 2017 in Sycamore rose by $15,625 while total sales decreased by 60%, according to BlockShopper.com.

From October through December of 2017, there were two homes sold, with a median sale price of $108,125 - a 16.9% increase over the $92,500 median sale price for the same period of the previous year. There were five homes sold in Sycamore in the fourth 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 4.5%.

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

CityOct. - Dec. 2017 Home SalesOct. - Dec. 2016 Home Sales% change (Total Home Sales)Oct. - Dec. 2017 Median Sales PriceOct. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Hinckley21100%$146,850$204,805-28.3%
Malta20-$138,528.84$0-
Genoa57-28.6%$127,021$100,61926.2%
Cortland36-50%$121,000$90,589.5033.6%
Somonauk12-50%$111,350$88,75225.5%
Sycamore25-60%$108,125$92,50016.9%
Sandwich14-75%$91,250$100,560-9.3%
Kirkland12-50%$91,250$81,570.5011.9%
DeKalb12119.1%$78,061$83,000-6%
Shabbona10-$70,950$0-
Waterman12-50%$48,396.90$106,710-54.6%
Maple Park00-$0$0-
Kingston00-$0$0-

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