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Kendall County Times

Tuesday, November 26, 2024

Newark home prices rise in the first half of 2019

Realestate2

The median sale price of a home sold in the first half of 2019 in Newark rose by $26,000 while total sales decreased by 15.4%, according to BlockShopper.com.

From January through June of 2019, there were 11 homes sold, with a median sale price of $201,000 - a 14.9% increase over the $175,000 median sale price for the same period of the previous year. There were 13 homes sold in Newark in the first half of 2018.

The median sales tax in Newark for the most recent year with available data, 2018, was $5,367, approximately 2.7% of the median home sale price for the first half of 2019.

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

CityJan. - June 2019 Home SalesJan. - June 2018 Home Sales% change (Total Home Sales)Jan. - June 2019 Median Sales PriceJan. - June 2018 Median Sales Price% change (Median Sales Price)
Aurora4457-22.8%$256,000$240,0006.7%
Joliet82102-19.6%$244,000$240,0001.7%
Oswego384411-6.6%$240,000$243,000-1.2%
Yorkville2292213.6%$235,000$232,0001.3%
Bristol11757.1%$229,000$177,00029.4%
Montgomery126141-10.6%$224,000$233,000-3.9%
Newark1113-15.4%$201,000$175,00014.9%
Sandwich330%$200,000$193,0003.6%
Minooka818-55.6%$195,500$186,5004.8%
Boulder Hill7481-8.6%$165,500$175,000-5.4%
Plano11210110.9%$145,000$151,000-4%

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