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Sunday, November 24, 2024

Genoa median home prices fell by 11.2% in the first quarter of 2022

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The median sale price of a home sold in the first quarter of 2022 in Genoa fell by $20,900 while total sales decreased by 78.6%, according to BlockShopper.com.

From January through March of 2022, there were three homes sold, with a median sale price of $166,500 - a 11.2% decrease over the $187,400 median sale price for the same period of the previous year. There were 14 homes sold in Genoa in the first quarter of 2021.

The median sales tax in Genoa for the most recent year with available data, 2019, was $4,863, approximately 2.9% of the median home sale price for the first quarter of 2022.

The following table compares Genoa to other DeKalb County cities in the first quarter of 2022:

CityJan. - Mar. 2022 Home SalesJan. - Mar. 2021 Home Sales% change (Total Home Sales)Jan. - Mar. 2022 Median Sales PriceJan. - Mar. 2021 Median Sales Price% change (Median Sales Price)
Maple Park14-75%$240,000$387,924-38.1%
Malta3250%$215,000$160,00034.4%
Hinckley521-76.2%$189,000$182,0003.8%
Sycamore1066-84.8%$187,751.42$170,00010.4%
Genoa314-78.6%$166,500$187,400-11.2%
Shabbona12-50%$157,000$226,750-30.8%
Waterman18-87.5%$156,000$154,2001.2%
Sandwich622-72.7%$154,000$184,200-16.4%
Somonauk49-55.6%$150,550$176,000-14.5%
Cortland312-75%$147,000$155,982.50-5.8%
DeKalb1690-82.2%$126,500$155,500-18.6%
Kirkland08-100%$0$182,450-100%
Kingston04-100%$0$210,450-100%

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