Will County Gazette

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Wednesday, November 13, 2019

Channahon (Will County) home prices rise in January 2017

Real Estate

By Local Labs News Service | Feb 14, 2017

Re 4

The median sale price of a home sold in January 2017 in Channahon in Will County rose by $20,000 while total sales increased by 57.1%, according to BlockShopper.com.

In January 2017, there were 11 homes sold, with a median sale price of $185,000 - a 12.1% increase over the $165,000 median sale price for the same period of the previous year. There were seven homes sold in Channahon in January 2016.

The median sales tax in Channahon for 2017 was $5,137.68. In 2016, the median sales tax was $4,974. This marks an increase of 3.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.8%.

The following table compares Channahon 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)
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%
Channahon
11
7
57.1%
$185,000
$165,000
12.1%
Minooka
1
1
0%
$184,000
$500,000
-63.2%
Shorewood
22
18
22.2%
$183,500
$244,995
-25.1%
Carillon
4
0
-
$182,500
$0
-
Arbury Hills
3
1
200%
$178,500
$165,200
8.1%
Romeoville
53
54
-1.9%
$160,000
$138,500
15.5%
* This story only considers sales data for the part of Channahon that is in Will County.

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