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DeKalb Times

Friday, April 19, 2024

DeKalb home prices rise in the first quarter of 2020

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The median sale price of a home sold in the first quarter of 2020 in DeKalb rose by $6,325 while total sales decreased by 6.7%, according to BlockShopper.com.

From January through March of 2020, there were 84 homes sold, with a median sale price of $136,450 - a 4.9% increase over the $130,125 median sale price for the same period of the previous year. There were 90 homes sold in DeKalb in the first quarter of 2019.

The median sales tax in DeKalb for the most recent year with available data, 2018, was $4,726, approximately 3.5% of the median home sale price for the first quarter of 2020.

The following table compares DeKalb to other DeKalb County cities with similar median sales prices in the first quarter of 2020:

CityJan. - Mar. 2020 Home SalesJan. - Mar. 2019 Home Sales% change (Total Home Sales)Jan. - Mar. 2020 Median Sales PriceJan. - Mar. 2019 Median Sales Price% change (Median Sales Price)
Hinckley610-40%$223,761.91$257,250-13%
Cortland12119.1%$171,750$127,50034.7%
Sycamore6278-20.5%$168,500$160,0005.3%
Waterman550%$160,000$153,9004%
Somonauk35-40%$160,000$145,00010.3%
Genoa311782.4%$157,000$184,000-14.7%
Sandwich27263.8%$140,000$101,00038.6%
DeKalb8490-6.7%$136,450$130,1254.9%
Kirkland69-33.3%$106,000$172,000-38.4%
Shabbona23-33.3%$101,500$126,500-19.8%
Malta73133.3%$30,000$74,900-59.9%

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