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DeKalb Times

Wednesday, November 27, 2024

The fourth quarter of 2020: Genoa experienced a 12.7% increase in median home prices

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Adobe Stock

The median sale price of a home sold in the fourth quarter of 2020 in Genoa rose by $22,050 while total sales increased by 81.3%, according to BlockShopper.com.

From October through December of 2020, there were 29 homes sold, with a median sale price of $196,000 - a 12.7% increase over the $173,950 median sale price for the same period of the previous year. There were 16 homes sold in Genoa in the fourth quarter of 2019.

The median sales tax in Genoa for the most recent year with available data, 2019, was $4,863, approximately 2.5% of the median home sale price for the fourth quarter of 2020.

The following table compares Genoa to other DeKalb County cities with similar median sale prices in the fourth quarter of 2020:

CityOct. - Dec. 2020 Home SalesOct. - Dec. 2019 Home Sales% change (Total Home Sales)Oct. - Dec. 2020 Median Sales PriceOct. - Dec. 2019 Median Sales Price% change (Median Sales Price)
Kingston814-42.9%$245,025$192,50027.3%
Hinckley12119.1%$236,500$186,00027.2%
Sycamore1008419%$225,500$177,50027%
Somonauk10100%$216,250$165,25030.9%
Sandwich454012.5%$210,000$160,45030.9%
Genoa291681.3%$196,000$173,95012.7%
Cortland221729.4%$185,000$168,00010.1%
Kirkland111010%$160,000$74,500114.8%
DeKalb14612318.7%$156,500$139,90011.9%
Shabbona94125%$140,000$177,500-21.1%
Malta45-20%$58,518.50$156,750-62.7%

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