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Will County Gazette

Friday, April 19, 2024

Q1 real estate sales report: Romeoville

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Median prices rose in Romeoville over last year, and are down 3 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 77 homes sold in Romeoville for a median price of $180,000. That's 11 percent higher than median home sale prices for the first quarter of 2017.

In the first quarter, 2 homes in Romeoville were in foreclosure.

Median property tax for homeowners in Romeoville was $0 in 2017 according to tax data from that year. That means homeowners pay 0 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.

Romeoville real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
128
$185,638
-
2010
187
$159,600
-14%
2011
125
$154,076
-3.5%
2012
200
$130,746
-15.1%
2013
183
$134,028
2.5%
2014
200
$142,305
6.2%
2015
76
$143,100
0.6%
2016
130
$145,667
1.8%
2017
144
$162,180
11.3%
2018
77
$180,000
11%

Median property tax
Median sale price
Effective property tax rate
2010
$4,743.97
$159,600
3%
2011
$5,126.96
$154,076
3.3%
2012
$4,719.34
$130,746
3.6%
2013
$4,453.83
$134,028
3.3%
2014
$4,234.75
$142,305
3%
2015
$4,348.55
$143,100
3%
2016
$4,490.48
$145,667
3.1%
2017
$0
$162,180
0%

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