Pingree Grove home prices fall in the first half of 2020

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The median sale price of a home sold in the first half of 2020 in Pingree Grove fell by $8,950 while total sales decreased by 15.2%, according to BlockShopper.com.

From January through June of 2020, there were 78 homes sold, with a median sale price of $196,500 - a 4.4% decrease over the $205,450 median sale price for the same period of the previous year. There were 92 homes sold in Pingree Grove in the first half of 2019.

The median sales tax in Pingree Grove for the most recent year with available data, 2018, was $5,161, approximately 2.6% of the median home sale price for the first half of 2020.

The following table compares Pingree Grove to other Kane County cities with similar median sales prices in the first half of 2020:

CityJan. - June 2020 Home SalesJan. - June 2019 Home Sales% change (Total Home Sales)Jan. - June 2020 Median Sales PriceJan. - June 2019 Median Sales Price% change (Median Sales Price)
Algonquin5164-20.3%$244,200$238,5002.4%
Big Rock78-12.5%$239,900$225,0006.6%
Marywood24-50%$237,750$244,000-2.6%
Gilberts5370-24.3%$220,500$241,450-8.7%
Elgin510589-13.4%$197,000$203,000-3%
Pingree Grove7892-15.2%$196,500$205,450-4.4%
Hampshire5761-6.6%$193,400$246,000-21.4%
Montgomery5379-32.9%$192,000$183,0004.9%
Scraper-Moecherville23-33.3%$188,950$50,000277.9%
Carpentersville192220-12.7%$177,750$168,0005.8%
East Dundee261844.4%$171,750$176,250-2.6%

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