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Saturday, April 4, 2020

New Lenox home prices rise in the third quarter of 2018

Real Estate

By Local Labs News Service | Oct 14, 2018

Re 3

The median sale price of a home sold in the third quarter of 2018 in New Lenox rose by $11,400 while total sales increased by 7.6%, according to BlockShopper.com.

From July through September of 2018, there were 155 homes sold, with a median sale price of $274,900 - a 4.3% increase over the $263,500 median sale price for the same period of the previous year. There were 144 homes sold in New Lenox in the third quarter of 2017.

The median sales tax in New Lenox for the most recent year with available data, 2017, was $6,632.10, approximately 2.4% of the median home sale price for the third quarter of 2018.

The following table compares New Lenox to other Will County cities with similar median sales prices in the third quarter of 2018:

City
July - Sept. 2018 Home Sales
July - Sept. 2017 Home Sales
% change (Total Home Sales)
July - Sept. 2018 Median Sales Price
July - Sept. 2017 Median Sales Price
% change (Median Sales Price)
Mokena
76
99
-23.2%
$301,000
$309,900
-2.9%
Wilton
1
1
0%
$289,900
$165,000
75.7%
Wheatland Plains
2
0
-
$289,250
$0
-
Plainfield
199
205
-2.9%
$285,000
$267,500
6.5%
Minooka
11
6
83.3%
$281,000
$157,250
78.7%
New Lenox
155
144
7.6%
$274,900
$263,500
4.3%
Manhattan
58
67
-13.4%
$269,350
$250,000
7.7%
Shorewood
84
83
1.2%
$249,900
$233,000
7.3%
Tinley Park
28
23
21.7%
$246,000
$318,500
-22.8%
Willowbrook
7
8
-12.5%
$244,500
$180,000
35.8%
Frankfort Square
40
41
-2.4%
$232,250
$207,500
11.9%

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