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Thursday, April 9, 2020

Naperville (Will County) home prices rise in the first quarter of 2017

Real Estate

By Local Labs News Service | Apr 14, 2017

Re 13

The median sale price of a home sold in the first quarter of 2017 in Naperville in Will County rose by $10,000 while total sales increased by 17.5%, according to BlockShopper.com.

From January through March of 2017, there were 141 homes sold, with a median sale price of $410,000 - a 2.5% increase over the $400,000 median sale price for the same period of the previous year. There were 120 homes sold in Naperville in the first quarter of 2016.

The median sales tax in Naperville for 2017 was $10,587.52. In 2016, the median sales tax was $10,594.10. This marks an decrease of 0.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.6%.

The following table compares Naperville to other Will County cities with similar median sales prices in the first quarter of 2017:

City
Jan. - Mar. 2017 Home Sales
Jan. - Mar. 2016 Home Sales
% change (Total Home Sales)
Jan. - Mar. 2017 Median Sales Price
Jan. - Mar. 2016 Median Sales Price
% change (Median Sales Price)
Graver Country Estates
2
0
-
$456,500
$0
-
Naperville
141
120
17.5%
$410,000
$400,000
2.5%
River Edge Estates
1
1
0%
$392,500
$167,000
135%
Frankfort
87
75
16%
$366,500
$310,000
18.2%
Brook Crossings Estates
2
0
-
$342,500
$0
-
Wheatland View
3
2
50%
$335,000
$250,000
34%
Spencer
8
1
700%
$327,002.50
$304,186
7.5%
Homer Glen
83
55
50.9%
$297,000
$255,000
16.5%
Wellington Heights
2
3
-33.3%
$292,000
$150,000
94.7%
Mokena
68
53
28.3%
$249,000
$240,000
3.8%
Plainfield
179
139
28.8%
$249,000
$235,000
6%
* This story only considers sales data for the part of Naperville that is in Will County.

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