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Will County Gazette

Sunday, November 24, 2024

Wellington Heights home prices rise in the first quarter of 2017

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The median sale price of a home sold in the first quarter of 2017 in Wellington Heights rose by $142,000 while total sales decreased by 33.3%, according to BlockShopper.com.

From January through March of 2017, there were two homes sold, with a median sale price of $292,000 - a 94.7% increase over the $150,000 median sale price for the same period of the previous year. There were three homes sold in Wellington Heights in the first quarter of 2016.

The median sales tax in Wellington Heights for 2017 was $3,944.96. In 2016, the median sales tax was $3,823.70. This marks an increase of 3.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.4%.

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

CityJan. - Mar. 2017 Home SalesJan. - Mar. 2016 Home Sales% change (Total Home Sales)Jan. - Mar. 2017 Median Sales PriceJan. - Mar. 2016 Median Sales Price% change (Median Sales Price)
Frankfort877516%$366,500$310,00018.2%
Brook Crossings Estates20-$342,500$0-
Wheatland View3250%$335,000$250,00034%
Spencer81700%$327,002.50$304,1867.5%
Homer Glen835550.9%$297,000$255,00016.5%
Wellington Heights23-33.3%$292,000$150,00094.7%
Mokena685328.3%$249,000$240,0003.8%
Plainfield17913928.8%$249,000$235,0006%
Minooka411-63.6%$237,450$269,000-11.7%
New Lenox12710422.1%$233,000$224,5003.8%
Lincoln Estates12-50%$228,000$105,700115.7%

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