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Sunday, November 24, 2024

Malta home prices rise in the first half of 2019

Realestate1

The median sale price of a home sold in the first half of 2019 in Malta rose by $49,128 while total sales increased by 40%, according to BlockShopper.com.

From January through June of 2019, there were 14 homes sold, with a median sale price of $147,750 - a 49.8% increase over the $98,622 median sale price for the same period of the previous year. There were 10 homes sold in Malta in the first half of 2018.

The median sales tax in Malta for the most recent year with available data, 2017, was $4,435, approximately 3% of the median home sale price for the first half of 2019.

The following table compares Malta to other DeKalb County cities with similar median sales prices in the first half of 2019:

CityJan. - June 2019 Home SalesJan. - June 2018 Home Sales% change (Total Home Sales)Jan. - June 2019 Median Sales PriceJan. - June 2018 Median Sales Price% change (Median Sales Price)
Kingston221369.2%$185,800$156,95018.4%
Sycamore163210-22.4%$175,000$169,1803.4%
Kirkland261844.4%$175,000$130,00034.6%
Genoa4278-46.2%$167,500$156,5007%
Somonauk1821-14.3%$158,450$154,8002.4%
Cortland4056-28.6%$157,300$167,750-6.2%
Shabbona990%$157,000$134,00017.2%
Waterman1214-14.3%$156,950$135,25016%
Malta141040%$147,750$98,62249.8%
DeKalb193284-32%$135,000$134,9500%
Sandwich4871-32.4%$108,100$165,000-34.5%

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