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Will County Gazette

Thursday, November 28, 2024

Braidwood home prices rise in August 2017

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The median sale price of a home sold in August 2017 in Braidwood rose by $5,000 while total sales increased by 42.9%, according to BlockShopper.com.

In August 2017, there were 20 homes sold, with a median sale price of $120,500 - a 4.3% increase over the $115,500 median sale price for the same period of the previous year. There were 14 homes sold in Braidwood in August 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 2.1%.

The following table compares Braidwood 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)
Preston Heights21100%$149,500$79,90087.1%
Carillon45-20%$148,000$139,0006.5%
Steger68-25%$146,250$51,500184%
Lily Cache21100%$144,000$168,500-14.5%
Spencer10-$142,000$0-
Braidwood201442.9%$120,500$115,5004.3%
Coynes10-$103,000$0-
Park Forest52150%$97,000$82,03218.2%
Ingalls Park6450%$88,850$45,77594.1%
Ridgewood110%$82,000$98,000-16.3%
Arbury Hills21100%$78,500$161,000-51.2%

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