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Will County Gazette

Saturday, November 23, 2024

Braidwood home prices rise in May 2017

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The median sale price of a home sold in May 2017 in Braidwood rose by $77,950 while total sales decreased by 10%, according to BlockShopper.com.

In May 2017, there were nine homes sold, with a median sale price of $152,000 - a 105.3% increase over the $74,050 median sale price for the same period of the previous year. There were 10 homes sold in Braidwood in May 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 1.7%.

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

CityMay 2017 Home SalesMay 2016 Home Sales% change (Total Home Sales)May 2017 Median Sales PriceMay 2016 Median Sales Price% change (Median Sales Price)
Crest Hill362924.1%$165,975$145,00014.5%
Romeoville675424.1%$165,000$162,5001.5%
Peotone6520%$162,000$130,00024.6%
Wellington Heights10-$160,000$0-
Joliet18015714.6%$159,450$156,0002.2%
Braidwood910-10%$152,000$74,050105.3%
Coynes110%$145,000$78,00085.9%
Lakewood Falls31200%$129,900$145,554-10.8%
Crete1721-19%$125,000$119,9004.3%
Lakewood Shores3250%$92,000$111,300-17.3%
Boula110%$79,000$140,000-43.6%

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