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Will County Gazette

Saturday, November 23, 2024

Romeoville home prices rise in February 2017

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The median sale price of a home sold in February 2017 in Romeoville rose by $18,400 while total sales increased by 24.4%, according to BlockShopper.com.

In February 2017, there were 51 homes sold, with a median sale price of $154,400 - a 13.5% increase over the $136,000 median sale price for the same period of the previous year. There were 41 homes sold in Romeoville in February 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 3.1%.

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

CityFeb. 2017 Home SalesFeb. 2016 Home Sales% change (Total Home Sales)Feb. 2017 Median Sales PriceFeb. 2016 Median Sales Price% change (Median Sales Price)
Aurora13130%$180,000$160,00012.5%
Frankfort Square311-72.7%$175,000$205,000-14.6%
Monee84100%$167,000$94,50076.7%
Beecher3250%$157,502.11$94,12567.3%
Peotone30-$157,500$0-
Romeoville514124.4%$154,400$136,00013.5%
Elwood220%$153,000$103,12548.4%
Lakewood Falls110%$150,000$80,15087.1%
Manhattan141216.7%$148,750$230,000-35.3%
Joliet94120-21.7%$143,000$137,4824%
Crest Hill181163.6%$137,250$129,0006.4%

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