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DeKalb Times

Wednesday, November 27, 2024

What happened to the median home price in Genoa during the second half of 2020?

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Adobe Stock

The median sale price of a home sold in the second half of 2020 in Genoa rose by $10,500 while total sales increased by 19.2%, according to BlockShopper.com.

From July through December of 2020, there were 62 homes sold, with a median sale price of $191,500 - a 5.8% increase over the $181,000 median sale price for the same period of the previous year. There were 52 homes sold in Genoa in the second half 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 second half of 2020.

The following table compares Genoa 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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