Gilberts home prices fall in the third quarter of 2020

Medium realestate1

The median sale price of a home sold in the third quarter of 2020 in Gilberts fell by $14,000 while total sales increased by 16.7%, according to BlockShopper.com.

From July through September of 2020, there were 56 homes sold, with a median sale price of $257,950 - a 5.1% decrease over the $271,950 median sale price for the same period of the previous year. There were 48 homes sold in Gilberts in the third quarter of 2019.

The median sales tax in Gilberts for the most recent year with available data, 2019, was $6,983, approximately 2.7% of the median home sale price for the third quarter of 2020.

The following table compares Gilberts to other Kane County cities with similar median sales prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Elburn433522.9%$290,000$278,0004.3%
Sleepy Hollow1519-21.1%$288,000$277,8003.7%
North Aurora6586-24.4%$285,100$260,0009.7%
Hampshire564330.2%$285,000$267,0006.7%
Big Rock10825%$263,500$288,750-8.7%
Gilberts564816.7%$257,950$271,950-5.1%
Maple Park11922.2%$252,000$239,0005.4%
Huntley6476-15.8%$250,500$255,000-1.8%
Kaneville30-$250,000$0-
Pingree Grove5159-13.6%$248,000$222,50011.5%
South Elgin917915.2%$240,000$274,500-12.6%

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