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DeKalb Times

Monday, May 13, 2024

First half of 2022: Home prices in Malta fell

Realestate1

The median sale price of a home sold in the first half of 2022 in Malta fell by $7,000 while total sales decreased by 46.7 percent, according to BlockShopper.com.

From January through June, there were eight homes sold, with a median sale price of $158,000 - a 4.2 percent decrease from the $165,000 median sale price for the same period of the previous year. There were 15 homes sold in Malta in the first half of 2021.

The median sales tax in Malta for the most recent year with available data, 2019, was $4,583, approximately 2.9 percent of the median home sale price for the first half of 2022.

The following table compares Malta to other DeKalb County cities with similar median sale prices in the first half of 2022:

CityJanuary - June 2022 Home SalesJanuary - June 2021 Home Sales% change (Total Home Sales)January - June 2022 Median Sales PriceJanuary - June 2021 Median Sales Price% change (Median Sales Price)
Kingston1013-23.1$215,000$200,0007.5
Sycamore58158-63.3$209,000$195,0007.2
Sandwich2758-53.4$194,000$217,750-10.9
Kirkland322-86.4$189,900$222,500-14.7
Somonauk520-75$187,500$191,500-2.1
Genoa1946-58.7$187,000$192,500-2.9
Cortland520-75$176,500$177,700-0.7
DeKalb38227-83.3$162,500$165,000-1.5
Malta815-46.7$158,000$165,000-4.2
Shabbona8714.3$158,000$144,9009
Waterman1519-21.1$139,000$165,000-15.8

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