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Will County Gazette

Wednesday, April 24, 2024

Bolingbrook (Will County) home prices rise in January 2017

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The median sale price of a home sold in January 2017 in Bolingbrook in Will County rose by $20,500 while total sales increased by 19%, according to BlockShopper.com.

In January 2017, there were 94 homes sold, with a median sale price of $194,000 - a 11.8% increase over the $173,500 median sale price for the same period of the previous year. There were 79 homes sold in Bolingbrook in January 2016.

The median sales tax in Bolingbrook for 2017 was $5,955.30. In 2016, the median sales tax was $5,777.50. This marks an increase of 3.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.1%.

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

CityJan. 2017 Home SalesJan. 2016 Home Sales% change (Total Home Sales)Jan. 2017 Median Sales PriceJan. 2016 Median Sales Price% change (Median Sales Price)
Lincoln Estates110%$228,000$151,50050.5%
Frankfort Square1119-42.1%$228,000$189,00020.6%
New Lenox482965.5%$222,500$200,00011.3%
Beecher5425%$220,000$96,500128%
Willowbrook5366.7%$200,000$92,000117.4%
Bolingbrook947919%$194,000$173,50011.8%
Lockport473727%$187,000$161,00016.1%
Elwood13-66.7%$186,000$159,90016.3%
Channahon11757.1%$185,000$165,00012.1%
Minooka110%$184,000$500,000-63.2%
Shorewood221822.2%$183,500$244,995-25.1%
* This story only considers sales data for the part of Bolingbrook that is in Will County.

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