Will County Gazette

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Tuesday, April 7, 2020

Romeoville home prices rise in the third quarter of 2018

Real Estate

By Local Labs News Service | Oct 14, 2018

Re 11

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:

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)
Beecher
16
13
23.1%
$187,500
$176,000
6.5%
Cherry Hill
7
0
-
$187,000
$0
-
Forest Manor
4
2
100%
$183,625
$237,000
-22.5%
Elwood
13
11
18.2%
$181,000
$190,000
-4.7%
Crystal Lawns
10
10
0%
$180,500
$173,500
4%
Romeoville
168
176
-4.5%
$180,000
$177,700
1.3%
Coynes
2
4
-50%
$179,500
$133,250
34.7%
Joliet
588
513
14.6%
$176,250
$170,000
3.7%
Crete
67
50
34%
$175,000
$156,500
11.8%
Wolf Creek Island
5
4
25%
$175,000
$158,975
10.1%
Wellington Heights
3
1
200%
$174,000
$189,750
-8.3%

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