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Will County Gazette

Monday, December 16, 2019

New Lenox home prices fall in October 2018

Real Estate

By Local Labs News Service | Nov 14, 2018

Re 14

The median sale price of a home sold in October 2018 in New Lenox fell by $36,500 while total sales increased by 28.9%, according to BlockShopper.com.

In October 2018, there were 49 homes sold, with a median sale price of $245,000 - a 13% decrease over the $281,500 median sale price for the same period of the previous year. There were 38 homes sold in New Lenox in October 2017.

The median sales tax in New Lenox for the most recent year with available data, 2017, was $6,632.10, approximately 2.7% of the median home sale price for October 2018.

The following table compares New Lenox to other Will County cities with similar median sales prices in October 2018:

City
Oct. 2018 Home Sales
Oct. 2017 Home Sales
% change (Total Home Sales)
Oct. 2018 Median Sales Price
Oct. 2017 Median Sales Price
% change (Median Sales Price)
Peotone
3
3
0%
$294,115
$161,000
82.7%
Plainfield
57
75
-24%
$284,000
$250,000
13.6%
Mokena
19
29
-34.5%
$275,000
$320,000
-14.1%
Manhattan
16
23
-30.4%
$273,400
$293,611
-6.9%
Tinley Park
10
11
-9.1%
$250,000
$233,000
7.3%
New Lenox
49
38
28.9%
$245,000
$281,500
-13%
Channahon
10
13
-23.1%
$236,950
$190,000
24.7%
Frankfort Square
10
18
-44.4%
$235,000
$226,000
4%
Monee
6
8
-25%
$232,450
$139,250
66.9%
Lockport
68
44
54.5%
$228,000
$186,750
22.1%
Willowbrook
3
4
-25%
$228,000
$223,700
1.9%

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