Will County Gazette

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Thursday, April 9, 2020

Arbury Hills home prices rise in the first quarter of 2017

Real Estate

By Local Labs News Service | Apr 14, 2017

Realestate2

The median sale price of a home sold in the first quarter of 2017 in Arbury Hills rose by $23,750 while total sales decreased by 50%, according to BlockShopper.com.

From January through March of 2017, there were three homes sold, with a median sale price of $178,500 - a 15.3% increase over the $154,750 median sale price for the same period of the previous year. There were six homes sold in Arbury Hills in the first quarter of 2016.

The median sales tax in Arbury Hills for 2017 was $4,807.12. In 2016, the median sales tax was $4,695.60. This marks an increase of 2.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.7%.

The following table compares Arbury Hills 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)
Channahon
31
20
55%
$210,000
$148,500
41.4%
Willowbrook
14
13
7.7%
$197,500
$175,900
12.3%
Shorewood
50
49
2%
$192,000
$238,000
-19.3%
Lockport
121
115
5.2%
$187,000
$176,000
6.3%
Bolingbrook
254
217
17.1%
$184,950
$175,000
5.7%
Arbury Hills
3
6
-50%
$178,500
$154,750
15.3%
Beecher
12
7
71.4%
$178,252.50
$75,000
137.7%
Carillon
8
3
166.7%
$175,500
$165,000
6.4%
Crystal Lawns
7
3
133.3%
$175,000
$165,000
6.1%
Cherry Hill
2
4
-50%
$173,750
$187,500
-7.3%
Aurora
50
38
31.6%
$164,000
$173,500
-5.5%

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