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New Lenox home prices rise in January 2017

Real Estate

By Local Labs News Service | Feb 14, 2017

Realestate1

The median sale price of a home sold in January 2017 in New Lenox rose by $22,500 while total sales increased by 65.5%, according to BlockShopper.com.

In January 2017, there were 48 homes sold, with a median sale price of $222,500 - a 11.3% increase over the $200,000 median sale price for the same period of the previous year. There were 29 homes sold in New Lenox in January 2016.

The median sales tax in New Lenox for 2017 was $6,632.13. In 2016, the median sales tax was $6,399.90. This marks an increase of 3.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3%.

The following table compares New Lenox 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)
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%
Lincoln Estates
1
1
0%
$228,000
$151,500
50.5%
Frankfort Square
11
19
-42.1%
$228,000
$189,000
20.6%
New Lenox
48
29
65.5%
$222,500
$200,000
11.3%
Beecher
5
4
25%
$220,000
$96,500
128%
Willowbrook
5
3
66.7%
$200,000
$92,000
117.4%
Bolingbrook
94
79
19%
$194,000
$173,500
11.8%
Lockport
47
37
27%
$187,000
$161,000
16.1%
Elwood
1
3
-66.7%
$186,000
$159,900
16.3%

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