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Will County Gazette

Sunday, November 24, 2024

Beecher 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 Beecher rose by $103,252.50 while total sales increased by 71.4%, according to BlockShopper.com.

From January through March of 2017, there were 12 homes sold, with a median sale price of $178,252.50 - a 137.7% increase over the $75,000 median sale price for the same period of the previous year. There were seven homes sold in Beecher in the first quarter of 2016.

The median sales tax in Beecher for 2017 was $4,482.16. In 2016, the median sales tax was $4,565.40. This marks an decrease of 1.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.5%.

The following table compares Beecher 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)
Willowbrook14137.7%$197,500$175,90012.3%
Shorewood50492%$192,000$238,000-19.3%
Lockport1211155.2%$187,000$176,0006.3%
Bolingbrook25421717.1%$184,950$175,0005.7%
Arbury Hills36-50%$178,500$154,75015.3%
Beecher12771.4%$178,252.50$75,000137.7%
Carillon83166.7%$175,500$165,0006.4%
Crystal Lawns73133.3%$175,000$165,0006.1%
Cherry Hill24-50%$173,750$187,500-7.3%
Aurora503831.6%$164,000$173,500-5.5%
Monee3013130.8%$162,000$149,0008.7%

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