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Will County Gazette

Wednesday, April 17, 2024

Monee home prices fall in October 2017

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The median sale price of a home sold in October 2017 in Monee fell by $5,750 while total sales increased by 60%, according to BlockShopper.com.

In October 2017, there were eight homes sold, with a median sale price of $139,250 - a 4% decrease over the $145,000 median sale price for the same period of the previous year. There were five homes sold in Monee in October 2016.

The median sales tax in Monee for 2017 was $6,206.34. In 2016, the median sales tax was $5,849.30. This marks an increase of 6.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 4.5%.

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

CityOct. 2017 Home SalesOct. 2016 Home Sales% change (Total Home Sales)Oct. 2017 Median Sales PriceOct. 2016 Median Sales Price% change (Median Sales Price)
Peotone35-40%$161,000$216,500-25.6%
Crest Hill1828-35.7%$157,950$145,0008.9%
Carillon25-60%$154,075$172,500-10.7%
Crete1020-50%$149,950$135,90010.3%
Wilmington57-28.6%$146,000$130,00012.3%
Monee8560%$139,250$145,000-4%
Braidwood9650%$133,000$99,00034.3%
Preston Heights23-33.3%$132,450$145,000-8.7%
University Park68-25%$117,000$85,30037.2%
Ingalls Park36-50%$99,900$81,50022.6%
Steger72250%$79,000$36,250.50117.9%

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