Will County Gazette

Will County Gazette

Thursday, April 9, 2020

Lockport home prices rise in the first quarter of 2018

Real Estate

By Local Labs News Service | Apr 14, 2018

Realestate2

The median sale price of a home sold in the first quarter of 2018 in Lockport rose by $22,500 while total sales decreased by 33.9%, according to BlockShopper.com.

From January through March of 2018, there were 80 homes sold, with a median sale price of $209,500 - a 12% increase over the $187,000 median sale price for the same period of the previous year. There were 121 homes sold in Lockport in the first quarter of 2017.

The median sales tax in Lockport for the most recent year with available data, 2017, was $5,586.10, approximately 2.7% of the median home sale price for the first quarter of 2018.

The following table compares Lockport 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)
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%
Frankfort Square
23
26
-11.5%
$219,900
$226,250
-2.8%
Minooka
2
4
-50%
$218,250
$237,450
-8.1%
Lockport
80
121
-33.9%
$209,500
$187,000
12%
Boula
4
2
100%
$209,000
$144,500
44.6%
Bolingbrook
178
254
-29.9%
$206,750
$184,950
11.8%
Peotone
7
13
-46.2%
$205,000
$157,500
30.2%
Channahon
23
31
-25.8%
$205,000
$210,000
-2.4%
Forest Manor
1
1
0%
$202,000
$145,000
39.3%

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