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Will County Gazette

Monday, December 23, 2024

Lockport home prices rise in January 2017

Realestate1

The median sale price of a home sold in January 2017 in Lockport rose by $26,000 while total sales increased by 27%, according to BlockShopper.com.

In January 2017, there were 47 homes sold, with a median sale price of $187,000 - a 16.1% increase over the $161,000 median sale price for the same period of the previous year. There were 37 homes sold in Lockport in January 2016.

The median sales tax in Lockport for 2017 was $5,586.12. In 2016, the median sales tax was $5,418.90. 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%.

The following table compares Lockport 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)
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%
Carillon40-$182,500$0-

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