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Will County Gazette

Sunday, November 24, 2024

Braidwood home prices rise in March 2017

Re 12

The median sale price of a home sold in March 2017 in Braidwood rose by $14,000 while total sales decreased by 16.7%, according to BlockShopper.com.

In March 2017, there were five homes sold, with a median sale price of $140,000 - a 11.1% increase over the $126,000 median sale price for the same period of the previous year. There were six homes sold in Braidwood in March 2016.

The median sales tax in Braidwood for 2017 was $2,571.70. In 2016, the median sales tax was $2,481.80. This marks an increase of 3.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.8%.

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

CityMar. 2017 Home SalesMar. 2016 Home Sales% change (Total Home Sales)Mar. 2017 Median Sales PriceMar. 2016 Median Sales Price% change (Median Sales Price)
Carillon21100%$152,375.07$215,000-29.1%
Joliet1511426.3%$149,000$136,0009.6%
Peotone4333.3%$146,500$158,900-7.8%
Forest Manor10-$145,000$0-
Coynes10-$140,000$0-
Braidwood56-16.7%$140,000$126,00011.1%
Crete1417-17.6%$135,500$143,500-5.6%
Ridgewood110%$127,000$150,000-15.3%
Lily Cache110%$126,744$95,50032.7%
University Park611-45.5%$103,750$101,1002.6%
Wilmington62200%$99,000.50$248,100-60.1%

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