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Friday, December 6, 2019

Tinley Park (Will County) home prices rise in January 2017

Real Estate

By Local Labs News Service | Feb 14, 2017

Re 9

The median sale price of a home sold in January 2017 in Tinley Park in Will County rose by $110,000 while total sales decreased by 12.5%, according to BlockShopper.com.

In January 2017, there were seven homes sold, with a median sale price of $355,000 - a 44.9% increase over the $245,000 median sale price for the same period of the previous year. There were eight homes sold in Tinley Park in January 2016.

The median sales tax in Tinley Park for 2017 was $10,155. In 2016, the median sales tax was $10,066.30. This marks an increase of 0.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.9%.

The following table compares Tinley Park to other Will County cities with similar median sales prices in January 2017:

City
Jan. 2017 Home Sales
Jan. 2016 Home Sales
% change (Total Home Sales)
Jan. 2017 Median Sales Price
Jan. 2016 Median Sales Price
% change (Median Sales Price)
Naperville
58
44
31.8%
$419,500
$426,250
-1.6%
Frankfort
28
23
21.7%
$412,500
$285,000
44.7%
Wellington Heights
1
0
-
$410,000
$0
-
Tinley Park
7
8
-12.5%
$355,000
$245,000
44.9%
Brook Crossings Estates
2
0
-
$342,500
$0
-
Wheatland View
2
0
-
$341,000
$0
-
Graver Country Estates
1
0
-
$313,000
$0
-
Manhattan
11
11
0%
$300,662
$234,900
28%
Homer Glen
42
19
121.1%
$290,000
$253,000
14.6%
Plainfield
69
57
21.1%
$249,000
$219,900
13.2%
Mokena
25
11
127.3%
$232,500
$285,000
-18.4%
* This story only considers sales data for the part of Tinley Park that is in Will County.

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