May 2021: Home prices in Algonquin (Kane County) increased

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The median sale price of a home sold in May 2021 in Algonquin in Kane County rose by $13,500 while total sales decreased by 9.1%, according to

In May 2021, there were 10 homes sold, with a median sale price of $261,500 - a 5.4% increase over the $248,000 median sale price for the same period of the previous year. There were 11 homes sold in Algonquin in May 2020.

The median sales tax in Algonquin for the most recent year with available data, 2019, was $7,573, approximately 2.9% of the median home sale price for May 2021.

The following table compares Algonquin to other Kane County cities with similar median sale prices in May 2021:

CityMay 2021 Home SalesMay 2020 Home Sales% change (Total Home Sales)May 2021 Median Sales PriceMay 2020 Median Sales Price% change (Median Sales Price)
Almora Heights10-$285,000$0-
South Elgin251838.9%$265,000$257,0003.1%
Pingree Grove16156.7%$220,050$177,50024%
Maple Park20-$192,000$0-
* This story only considers sales data for the part of Algonquin that is in Kane County.

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