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Will County Gazette

Thursday, April 18, 2024

Cherry Hill home prices rise in the first quarter of 2018

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The median sale price of a home sold in the first quarter of 2018 in Cherry Hill rose by $69,750 while total sales remained unchanged with two homes sold, according to BlockShopper.com.

From January through March of 2018, there were two homes sold, with a median sale price of $243,500 - a 40.1% increase over the $173,750 median sale price for the same period of the previous year. There were two homes sold in Cherry Hill in the first quarter of 2017, as well.

The median sales tax in Cherry Hill for the most recent year with available data, 2017, was $5,064.40, approximately 2.1% of the median home sale price for the first quarter of 2018.

The following table compares Cherry Hill to other Will County cities with similar median sales prices in the first quarter of 2018:

CityJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
Homer Glen4983-41%$317,000$297,0006.7%
Willowbrook314-78.6%$290,000$197,50046.8%
Manhattan3346-28.3%$282,485$223,00026.7%
Plainfield123179-31.3%$257,000$249,0003.2%
New Lenox79127-37.8%$248,390$233,0006.6%
Cherry Hill220%$243,500$173,75040.1%
Mokena3368-51.5%$243,000$249,000-2.4%
Aurora2650-48%$241,500$164,00047.3%
Custer Park13-66.7%$230,000$59,000289.8%
Tinley Park221729.4%$230,000$225,0002.2%
Shorewood4350-14%$229,900$192,00019.7%

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