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DeKalb Times

Friday, May 3, 2024

The first quarter of 2021: Hinckley experienced a 18.7% drop in median home prices

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The median sale price of a home sold in the first quarter of 2021 in Hinckley fell by $41,762 while total sales increased by 216.7%, according to BlockShopper.com.

From January through March of 2021, there were 19 homes sold, with a median sale price of $182,000 - a 18.7% decrease over the $223,762 median sale price for the same period of the previous year. There were six homes sold in Hinckley in the first quarter of 2020.

The median sales tax in Hinckley for the most recent year with available data, 2019, was $5,441, approximately 3% of the median home sale price for the first quarter of 2021.

The following table compares Hinckley to other DeKalb County cities with similar median sale prices in the first quarter of 2021:

CityJan. - Mar. 2021 Home SalesJan. - Mar. 2020 Home Sales% change (Total Home Sales)Jan. - Mar. 2021 Median Sales PriceJan. - Mar. 2020 Median Sales Price% change (Median Sales Price)
Sandwich1028-64.3%$214,000$141,25051.5%
Kingston46-33.3%$210,450$215,250-2.2%
Somonauk5425%$195,000$151,95028.3%
Malta18-87.5%$190,000$37,350408.7%
Genoa1333-60.6%$187,800$157,00019.6%
Kirkland89-11.1%$182,450$110,00065.9%
Hinckley196216.7%$182,000$223,761.91-18.7%
Sycamore4674-37.8%$163,000$174,000-6.3%
Cortland915-40%$156,965$163,500-4%
DeKalb68103-34%$156,000$137,00013.9%
Waterman6520%$143,750$160,000-10.2%

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