Will County Gazette

Will County Gazette

Tuesday, April 7, 2020

Ingalls Park home prices rise in the first quarter of 2017

Real Estate

By Local Labs News Service | Apr 14, 2017

Re 11

The median sale price of a home sold in the first quarter of 2017 in Ingalls Park rose by $31,269.50 while total sales increased by 42.9%, according to BlockShopper.com.

From January through March of 2017, there were 10 homes sold, with a median sale price of $77,269.50 - a 68% increase over the $46,000 median sale price for the same period of the previous year. There were seven homes sold in Ingalls Park in the first quarter of 2016.

The median sales tax in Ingalls Park for 2017 was $2,159.94. In 2016, the median sales tax was $1,945.70. This marks an increase of 11%. 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 Ingalls Park 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)
Crete
52
39
33.3%
$113,624.50
$124,000
-8.4%
Rockdale
7
2
250%
$111,650
$91,000
22.7%
Preston Heights
9
3
200%
$110,000
$40,000
175%
Wolf Creek Island
2
2
0%
$101,500
$102,250
-0.7%
Ridgewood
4
2
100%
$84,000
$112,500
-25.3%
Ingalls Park
10
7
42.9%
$77,269.50
$46,000
68%
University Park
20
28
-28.6%
$62,217
$96,800
-35.7%
Custer Park
3
3
0%
$59,000
$185,000
-68.1%
Steger
17
13
30.8%
$50,000
$95,000
-47.4%
Lakewood Shores
1
3
-66.7%
$45,500
$40,000
13.8%
Park Forest
15
10
50%
$39,000
$52,300
-25.4%

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