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DeKalb Times

Sunday, November 24, 2024

DeKalb home prices fall in the fourth quarter of 2017

Realestate4

The median sale price of a home sold in the fourth quarter of 2017 in DeKalb fell by $4,939 while total sales increased by 9.1%, according to BlockShopper.com.

From October through December of 2017, there were 12 homes sold, with a median sale price of $78,061 - a 6% decrease over the $83,000 median sale price for the same period of the previous year. There were 11 homes sold in DeKalb in the fourth 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 6.1%.

The following table compares DeKalb 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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