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DeKalb Times

Wednesday, November 27, 2024

How did home prices perform in Malta during the second half of 2020?

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The median sale price of a home sold in the second half of 2020 in Malta fell by $2,750 while total sales decreased by 38.9%, according to BlockShopper.com.

From July through December of 2020, there were 11 homes sold, with a median sale price of $139,500 - a 1.9% decrease over the $142,250 median sale price for the same period of the previous year. There were 18 homes sold in Malta in the second half of 2019.

The median sales tax in Malta for the most recent year with available data, 2019, was $4,583, approximately 3.3% of the median home sale price for the second half of 2020.

The following table compares Malta to other DeKalb County cities with similar median sale prices in the second half of 2020:

CityJuly - Dec. 2020 Home SalesJuly - Dec. 2019 Home Sales% change (Total Home Sales)July - Dec. 2020 Median Sales PriceJuly - Dec. 2019 Median Sales Price% change (Median Sales Price)
Hinckley2526-3.8%$215,000$175,75022.3%
Waterman18180%$213,000$178,50019.3%
Sycamore2232220.5%$208,000$181,92214.3%
Sandwich8491-7.7%$203,000$166,17522.2%
Kirkland1822-18.2%$201,500$132,10552.5%
Somonauk2024-16.7%$199,950$165,25021%
Genoa625219.2%$191,500$181,0005.8%
Cortland483923.1%$181,000$168,0007.7%
DeKalb3012778.7%$159,900$140,00014.2%
Shabbona161145.5%$147,250$152,000-3.1%
Malta1118-38.9%$139,500$142,250-1.9%

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