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Illinois Valley Times

Monday, December 23, 2024

Homer Glen home prices rise in May 2017

Realestate077

The median sale price of a home sold in May 2017 in Homer Glen rose by $33,550 while total sales decreased by 2.9%, according to BlockShopper.com.

In May 2017, there were 33 homes sold, with a median sale price of $325,000 - a 11.5% increase over the $291,450 median sale price for the same period of the previous year. There were 34 homes sold in Homer Glen in May 2016.

The median sales tax in Homer Glen for 2017 was $7,411.39. In 2016, the median sales tax was $7,221.30. This marks an increase of 2.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.3%.

The following table compares Homer Glen to other Will County cities with similar median sales prices in May 2017:

CityMay 2017 Home SalesMay 2016 Home Sales% change (Total Home Sales)May 2017 Median Sales PriceMay 2016 Median Sales Price% change (Median Sales Price)
Naperville736610.6%$415,000$417,200-0.5%
River Edge Estates10-$385,000$0-
Spencer3250%$330,893$331,237-0.1%
Frankfort413517.1%$328,500$335,000-1.9%
Homer Glen3334-2.9%$325,000$291,45011.5%
Mokena2426-7.7%$312,400$192,45062.3%
Brook Crossings Estates20-$282,000$0-
Tinley Park141127.3%$279,000$300,000-7%
New Lenox524030%$270,675$259,4504.3%
Wheatland View110%$265,000$377,000-29.7%
Plainfield836625.8%$262,340$249,4505.2%

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