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Will County Gazette

Tuesday, April 23, 2024

Tinley Park (Will County) home prices fall in November 2017

Realestate077

The median sale price of a home sold in November 2017 in Tinley Park in Will County fell by $78,000 while total sales decreased by 28.6%, according to BlockShopper.com.

In November 2017, there were five homes sold, with a median sale price of $240,000 - a 24.5% decrease over the $318,000 median sale price for the same period of the previous year. There were seven homes sold in Tinley Park in November 2016.

The median sales tax in Tinley Park for 2017 was $10,155. In 2016, the median sales tax was $10,066.30. This marks an increase of 0.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 4.2%.

The following table compares Tinley Park to other Will County cities with similar median sales prices in November 2017:

CityNov. 2017 Home SalesNov. 2016 Home Sales% change (Total Home Sales)Nov. 2017 Median Sales PriceNov. 2016 Median Sales Price% change (Median Sales Price)
Manhattan262313%$278,130$195,00042.6%
Carillon40-$263,000$0-
Mokena1129-62.1%$260,000$275,000-5.5%
Aurora1019-47.4%$258,700$180,00043.7%
Plainfield635123.5%$255,000$240,0006.3%
Tinley Park57-28.6%$240,000$318,000-24.5%
New Lenox4650-8%$235,450$254,950-7.6%
Cherry Hill40-$227,500$0-
River Edge Estates10-$225,000$0-
Minooka23-33.3%$218,000$247,000-11.7%
Frankfort Square912-25%$215,000$189,25013.6%
* This story only considers sales data for the part of Tinley Park that is in Will County.

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