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Will County Gazette

Monday, December 23, 2024

University Park (Will County) home prices fall in January 2017

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The median sale price of a home sold in January 2017 in University Park in Will County fell by $2,350 while total sales decreased by 10%, according to BlockShopper.com.

In January 2017, there were nine homes sold, with a median sale price of $100,100 - a 2.3% decrease over the $102,450 median sale price for the same period of the previous year. There were 10 homes sold in University Park in January 2016.

The median sales tax in University Park for 2017 was $4,454.72. In 2016, the median sales tax was $4,221.80. 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 4.5%.

The following table compares University Park 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)
Preston Heights40-$135,000$0-
Rockdale41300%$113,325$107,0005.9%
Crete201533.3%$111,000$119,000-6.7%
Ingalls Park45-20%$107,000$36,200195.6%
Park Forest6520%$102,025$40,000155.1%
University Park910-10%$100,100$102,450-2.3%
Monee63100%$90,647$162,500-44.2%
Steger57-28.6%$60,791$80,000-24%
Lakewood Shores110%$45,500$54,000-15.7%
Ridgewood10-$23,289$0-
Fairmont21100%$18,750$44,000-57.4%
* This story only considers sales data for the part of University Park that is in Will County.

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