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Will County Gazette

Thursday, April 25, 2024

River Edge Estates home prices fall in the first half of 2018

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The median sale price of a home sold in the first half of 2018 in River Edge Estates fell by $25,000 while total sales decreased by 33.3%, according to BlockShopper.com.

From January through June of 2018, there were two homes sold, with a median sale price of $367,500 - a 6.4% decrease over the $392,500 median sale price for the same period of the previous year. There were three homes sold in River Edge Estates in the first half of 2017.

The median sales tax in River Edge Estates for the most recent year with available data, 2017, was $8,724, approximately 2.4% of the median home sale price for the first half of 2018.

The following table compares River Edge Estates to other Will County cities with similar median sales prices in the first half of 2018:

CityJan. - June 2018 Home SalesJan. - June 2017 Home Sales% change (Total Home Sales)Jan. - June 2018 Median Sales PriceJan. - June 2017 Median Sales Price% change (Median Sales Price)
Custer Park550%$482,500$115,000319.6%
Naperville343352-2.6%$435,000$415,0004.8%
Lincolnwood Hills10-$369,000$0-
River Edge Estates23-33.3%$367,500$392,500-6.4%
Frankfort161189-14.8%$364,000$352,0003.4%
Graver Country Estates25-60%$348,125$232,00050.1%
Homer Glen135181-25.4%$310,000$312,000-0.6%
Tinley Park59573.5%$289,900$250,00016%
Spencer112-91.7%$280,900$328,148-14.4%
Plainfield346404-14.4%$280,000$259,2008%
Mokena104142-26.8%$263,500$285,000-7.5%

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