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Will County Gazette

Wednesday, November 27, 2024

Braidwood 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 Braidwood rose by $15,250 while total sales decreased by 45.5%, according to BlockShopper.com.

From January through March of 2018, there were 12 homes sold, with a median sale price of $142,500 - a 12% increase over the $127,250 median sale price for the same period of the previous year. There were 22 homes sold in Braidwood in the first quarter of 2017.

The median sales tax in Braidwood for the most recent year with available data, 2017, was $2,571.70, approximately 1.8% of the median home sale price for the first quarter of 2018.

The following table compares Braidwood 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)
Crete4352-17.3%$168,000$113,624.5047.9%
Crest Hill5080-37.5%$164,750$146,50012.5%
Lakewood Falls550%$163,000$155,5004.8%
Elwood35-40%$155,000$156,000-0.6%
Lakewood Shores41300%$147,500$45,500224.2%
Braidwood1222-45.5%$142,500$127,25012%
Wilmington171421.4%$136,800$134,0002.1%
Ridgewood14-75%$115,000$84,00036.9%
Arbury Hills23-33.3%$111,000$178,500-37.8%
Preston Heights19-88.9%$99,000$110,000-10%
Ingalls Park610-40%$98,250$77,269.5027.2%

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