From January through December of 2017, there were 35 homes sold, with a median sale price of $172,500 - a 14.2% decrease over the $201,000 median sale price for the previous year. There were 38 homes sold in Newark in 2016.
The median sales tax in Newark for 2017 was $5,305. In 2016, the median sales tax was $5,250. This marks an increase of 1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.1%.
The following table compares Newark to other Kendall County cities with similar median sales prices in 2017:
| City | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Yorkville | 579 | 536 | 8% | $225,000 | $215,000 | 4.7% |
| Joliet | 260 | 257 | 1.2% | $220,000 | $208,000 | 5.8% |
| Aurora | 134 | 112 | 19.6% | $215,500 | $230,250 | -6.4% |
| Sandwich | 2 | 8 | -75% | $215,000 | $180,500 | 19.1% |
| Montgomery | 289 | 265 | 9.1% | $215,000 | $210,000 | 2.4% |
| Minooka | 39 | 54 | -27.8% | $208,500 | $200,000 | 4.3% |
| Bristol | 18 | 15 | 20% | $187,500 | $186,000 | 0.8% |
| Newark | 35 | 38 | -7.9% | $172,500 | $201,000 | -14.2% |
| Boulder Hill | 196 | 182 | 7.7% | $160,000 | $147,750 | 8.3% |
| Plano | 297 | 249 | 19.3% | $150,000 | $130,000 | 15.4% |
| Lisbon | 4 | 4 | 0% | $135,000 | $133,500 | 1.1% |
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