Will County Gazette

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Wednesday, November 13, 2019

Romeoville home prices rise in January 2017

Real Estate

By Local Labs News Service | Feb 14, 2017

Re 14

The median sale price of a home sold in January 2017 in Romeoville rose by $21,500 while total sales decreased by 1.9%, according to BlockShopper.com.

In January 2017, there were 53 homes sold, with a median sale price of $160,000 - a 15.5% increase over the $138,500 median sale price for the same period of the previous year. There were 54 homes sold in Romeoville in January 2016.

The median sales tax in Romeoville for 2017 was $4,766.54. In 2016, the median sales tax was $4,517. This marks an increase of 5.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3%.

The following table compares Romeoville 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)
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%
Aurora
24
9
166.7%
$159,950
$192,000
-16.7%
Lakewood Falls
1
3
-66.7%
$155,500
$137,000
13.5%
Wheatland Plains
2
0
-
$150,500
$0
-
Crystal Lawns
1
1
0%
$149,900
$71,100
110.8%
Braidwood
8
3
166.7%
$149,250
$88,806
68.1%

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