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Will County Gazette

Friday, April 19, 2024

New Lenox home prices fall in October 2018

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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:

CityOct. 2018 Home SalesOct. 2017 Home Sales% change (Total Home Sales)Oct. 2018 Median Sales PriceOct. 2017 Median Sales Price% change (Median Sales Price)
Peotone330%$294,115$161,00082.7%
Plainfield5775-24%$284,000$250,00013.6%
Mokena1929-34.5%$275,000$320,000-14.1%
Manhattan1623-30.4%$273,400$293,611-6.9%
Tinley Park1011-9.1%$250,000$233,0007.3%
New Lenox493828.9%$245,000$281,500-13%
Channahon1013-23.1%$236,950$190,00024.7%
Frankfort Square1018-44.4%$235,000$226,0004%
Monee68-25%$232,450$139,25066.9%
Lockport684454.5%$228,000$186,75022.1%
Willowbrook34-25%$228,000$223,7001.9%

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