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Will County Gazette

Monday, November 25, 2024

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

Realestate1

The median sale price of a home sold in the first quarter of 2017 in Plainfield in Will County rose by $14,000 while total sales increased by 28.8%, according to BlockShopper.com.

From January through March of 2017, there were 179 homes sold, with a median sale price of $249,000 - a 6% increase over the $235,000 median sale price for the same period of the previous year. There were 139 homes sold in Plainfield in the first quarter of 2016.

The median sales tax in Plainfield for 2017 was $6,865.94. In 2016, the median sales tax was $6,759.30. This marks an increase of 1.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.8%.

The following table compares Plainfield 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)
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%
Frankfort Square2641-36.6%$226,250$189,00019.7%
Tinley Park17170%$225,000$291,500-22.8%
* This story only considers sales data for the part of Plainfield that is in Will County.

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