Will County Gazette

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Thursday, April 2, 2020

Lakewood Falls 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 Lakewood Falls rose by $6,000 while total sales remained unchanged with seven homes sold, according to BlockShopper.com.

From July through September of 2018, there were seven homes sold, with a median sale price of $160,000 - a 3.9% increase over the $154,000 median sale price for the same period of the previous year. There were seven homes sold in Lakewood Falls in the third quarter of 2017, as well.

The median sales tax in Lakewood Falls for the most recent year with available data, 2017, was $4,123, approximately 2.6% of the median home sale price for the third quarter of 2018.

The following table compares Lakewood Falls 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)
Wolf Creek Island
5
4
25%
$175,000
$158,975
10.1%
Wellington Heights
3
1
200%
$174,000
$189,750
-8.3%
Wilmington
26
20
30%
$173,250
$159,400
8.7%
Crest Hill
80
61
31.1%
$169,950
$165,000
3%
River Edge Estates
1
1
0%
$167,500
$512,000
-67.3%
Lakewood Falls
7
7
0%
$160,000
$154,000
3.9%
Boula
4
2
100%
$150,000
$166,000
-9.6%
Braidwood
34
34
0%
$135,000
$120,500
12%
Ingalls Park
14
19
-26.3%
$130,500
$85,000
53.5%
Ridgewood
3
2
50%
$127,000
$73,500
72.8%
Rockdale
6
3
100%
$119,000
$85,000
40%

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