Kendall County Times

Kendall County Times

Wednesday, February 19, 2020

Newark home prices fall in the second half of 2019

Real Estate

By Metric Media News Service | Jan 7, 2020

Realestate1

The median sale price of a home sold in the second half of 2019 in Newark fell by $4,250 while total sales decreased by 40%, according to BlockShopper.com.

From July through December of 2019, there were 12 homes sold, with a median sale price of $174,750 - a 2.4% decrease over the $179,000 median sale price for the same period of the previous year. There were 20 homes sold in Newark in the second half of 2018.

The median sales tax in Newark for the most recent year with available data, 2018, was $5,367, approximately 3.1% of the median home sale price for the second half of 2019.

The following table compares Newark to other Kendall County cities with similar median sales prices in the second half of 2019:

City
July - Dec. 2019 Home Sales
July - Dec. 2018 Home Sales
% change (Total Home Sales)
July - Dec. 2019 Median Sales Price
July - Dec. 2018 Median Sales Price
% change (Median Sales Price)
Aurora
14
52
-73.1%
$267,000
$246,500
8.3%
Minooka
3
13
-76.9%
$261,000
$240,000
8.8%
Bristol
3
9
-66.7%
$255,000
$425,000
-40%
Montgomery
32
116
-72.4%
$250,000
$218,000
14.7%
Oswego
105
361
-70.9%
$240,000
$239,000
0.4%
Joliet
22
127
-82.7%
$237,250
$240,000
-1.1%
Yorkville
72
239
-69.9%
$224,500
$230,000
-2.4%
Boulder Hill
32
113
-71.7%
$188,750
$173,000
9.1%
Newark
12
20
-40%
$174,750
$179,000
-2.4%
Plano
43
167
-74.3%
$150,000
$159,000
-5.7%
Lisbon
2
3
-33.3%
$117,500
$163,000
-27.9%

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