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Thursday, April 9, 2020

Cherry Hill home prices rise in the first quarter of 2018

Real Estate

By Local Labs News Service | Apr 14, 2018

Re 3

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:

City
Jan. - Mar. 2018 Home Sales
Jan. - Mar. 2017 Home Sales
% change (Total Home Sales)
Jan. - Mar. 2018 Median Sales Price
Jan. - Mar. 2017 Median Sales Price
% change (Median Sales Price)
Homer Glen
49
83
-41%
$317,000
$297,000
6.7%
Willowbrook
3
14
-78.6%
$290,000
$197,500
46.8%
Manhattan
33
46
-28.3%
$282,485
$223,000
26.7%
Plainfield
123
179
-31.3%
$257,000
$249,000
3.2%
New Lenox
79
127
-37.8%
$248,390
$233,000
6.6%
Cherry Hill
2
2
0%
$243,500
$173,750
40.1%
Mokena
33
68
-51.5%
$243,000
$249,000
-2.4%
Aurora
26
50
-48%
$241,500
$164,000
47.3%
Custer Park
1
3
-66.7%
$230,000
$59,000
289.8%
Tinley Park
22
17
29.4%
$230,000
$225,000
2.2%
Shorewood
43
50
-14%
$229,900
$192,000
19.7%

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