What happened to the median home price in Burlington during the third quarter of 2021?

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The median sale price of a home sold in the third quarter of 2021 in Burlington fell by $142,500 while total sales decreased by 33.3%, according to BlockShopper.com.

From July through September of 2021, there were four homes sold, with a median sale price of $202,500 - a 41.3% decrease over the $345,000 median sale price for the same period of the previous year. There were six homes sold in Burlington in the third quarter of 2020.

The median sales tax in Burlington for the most recent year with available data, 2019, was $5,938, approximately 2.9% of the median home sale price for the third quarter of 2021.

The following table compares Burlington to other Kane County cities with similar median sale prices in the third quarter of 2021:

CityJuly - Sept. 2021 Home SalesJuly - Sept. 2020 Home Sales% change (Total Home Sales)July - Sept. 2021 Median Sales PriceJuly - Sept. 2020 Median Sales Price% change (Median Sales Price)
Pingree Grove715139.2%$238,000$248,000-4%
East Dundee2729-6.9%$222,222$195,00014%
Almora Heights20-$221,000$0-
Exposition View110%$96,501$143,000-32.5%

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