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Monday, November 18, 2024

Genoa home prices fall in the first quarter of 2018

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The median sale price of a home sold in the first quarter of 2018 in Genoa fell by $58,120 while total sales increased by 150%, according to BlockShopper.com.

From January through March of 2018, there were five homes sold, with a median sale price of $76,650 - a 43.1% decrease over the $134,770 median sale price for the same period of the previous year. There were two homes sold in Genoa in the first quarter of 2017.

The median sales tax in Genoa for the most recent year with available data, 2017, was $4,668.30, approximately 6.1% of the median home sale price for the first quarter of 2018.

The following table compares Genoa to other DeKalb County cities in the first quarter of 2018:

CityJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
Cortland42100%$122,932.50$111,975.509.8%
Hinckley12-50%$105,000$33,140216.8%
DeKalb1216-25%$92,450$75,912.5621.8%
Sycamore6450%$84,000$162,865.61-48.4%
Sandwich24-50%$78,993$120,947-34.7%
Genoa52150%$76,650$134,770-43.1%
Waterman10-$65,001$0-
Shabbona10-$40,060$0-
Maple Park00-$0$0-
Kirkland01-100%$0$35,000-100%
Somonauk02-100%$0$71,319.50-100%
Malta01-100%$0$50,000-100%
Kingston01-100%$0$76,600-100%

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