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Will County Gazette

Thursday, April 18, 2024

Romeoville home prices rise in the third quarter of 2018

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The median sale price of a home sold in the third quarter of 2018 in Romeoville rose by $2,300 while total sales decreased by 4.5%, according to BlockShopper.com.

From July through September of 2018, there were 168 homes sold, with a median sale price of $180,000 - a 1.3% increase over the $177,700 median sale price for the same period of the previous year. There were 176 homes sold in Romeoville in the third quarter of 2017.

The median sales tax in Romeoville for the most recent year with available data, 2017, was $4,766.50, approximately 2.6% of the median home sale price for the third quarter of 2018.

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

CityJuly - Sept. 2018 Home SalesJuly - Sept. 2017 Home Sales% change (Total Home Sales)July - Sept. 2018 Median Sales PriceJuly - Sept. 2017 Median Sales Price% change (Median Sales Price)
Beecher161323.1%$187,500$176,0006.5%
Cherry Hill70-$187,000$0-
Forest Manor42100%$183,625$237,000-22.5%
Elwood131118.2%$181,000$190,000-4.7%
Crystal Lawns10100%$180,500$173,5004%
Romeoville168176-4.5%$180,000$177,7001.3%
Coynes24-50%$179,500$133,25034.7%
Joliet58851314.6%$176,250$170,0003.7%
Crete675034%$175,000$156,50011.8%
Wolf Creek Island5425%$175,000$158,97510.1%
Wellington Heights31200%$174,000$189,750-8.3%

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