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Will County Gazette

Thursday, November 28, 2024

Homer Glen home prices fall in August 2017

Realestate1

The median sale price of a home sold in August 2017 in Homer Glen fell by $44,250 while total sales decreased by 32%, according to BlockShopper.com.

In August 2017, there were 34 homes sold, with a median sale price of $290,750 - a 13.2% decrease over the $335,000 median sale price for the same period of the previous year. There were 50 homes sold in Homer Glen in August 2016.

The median sales tax in Homer Glen for 2017 was $7,411.39. In 2016, the median sales tax was $7,221.30. This marks an increase of 2.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.5%.

The following table compares Homer Glen to other Will County cities with similar median sales prices in August 2017:

CityAug. 2017 Home SalesAug. 2016 Home Sales% change (Total Home Sales)Aug. 2017 Median Sales PriceAug. 2016 Median Sales Price% change (Median Sales Price)
Graver Country Estates10-$425,000$0-
Frankfort4960-18.3%$344,000$333,0003.3%
Tinley Park812-33.3%$331,500$325,0002%
Wheatland View10-$330,000$0-
Mokena3233-3%$314,500$298,5005.4%
Homer Glen3450-32%$290,750$335,000-13.2%
New Lenox5561-9.8%$271,000$250,0008.4%
Forest Manor12-50%$265,000$162,00063.6%
Manhattan2829-3.4%$258,950$180,00043.9%
Plainfield8295-13.7%$245,000$285,000-14%
Aurora1949-61.2%$243,000$210,00015.7%

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