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Will County Gazette

Wednesday, April 24, 2024

Wellington Heights home prices rise in the second half of 2017

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The median sale price of a home sold in the second half of 2017 in Wellington Heights rose by $4,500 while total sales remained unchanged with three homes sold, according to BlockShopper.com.

From July through December of 2017, there were three homes sold, with a median sale price of $166,500 - a 2.8% increase over the $162,000 median sale price for the same period of the previous year. There were three homes sold in Wellington Heights in the second half of 2016, as well.

The median sales tax in Wellington Heights for 2017 was $3,945. In 2016, the median sales tax was $3,824. This marks an increase of 3.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.4%.

The following table compares Wellington Heights to other Will County cities with similar median sales prices in the second half of 2017:

CityJuly - Dec. 2017 Home SalesJuly - Dec. 2016 Home Sales% change (Total Home Sales)July - Dec. 2017 Median Sales PriceJuly - Dec. 2016 Median Sales Price% change (Median Sales Price)
Lily Cache42100%$177,000$163,2508.4%
Romeoville306331-7.6%$175,000$160,0009.4%
Peotone2830-6.7%$174,500$178,375-2.2%
Minooka1217-29.4%$172,750$265,000-34.8%
Joliet9541,070-10.8%$169,900$150,00013.3%
Wellington Heights330%$166,500$162,0002.8%
Wilton110%$165,000$287,500-42.6%
Coynes72250%$163,500$161,944.501%
Boula37-57.1%$163,000$148,5009.8%
Crest Hill127163-22.1%$160,900$149,9007.3%
Lakewood Falls12771.4%$160,000$145,00010.3%

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