Will County Gazette

Will County Gazette

Thursday, April 2, 2020

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

Real Estate

By Local Labs News Service | Jul 14, 2018

Re 8

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:

City
Jan. - June 2018 Home Sales
Jan. - June 2017 Home Sales
% change (Total Home Sales)
Jan. - June 2018 Median Sales Price
Jan. - June 2017 Median Sales Price
% change (Median Sales Price)
Custer Park
5
5
0%
$482,500
$115,000
319.6%
Naperville
343
352
-2.6%
$435,000
$415,000
4.8%
Lincolnwood Hills
1
0
-
$369,000
$0
-
River Edge Estates
2
3
-33.3%
$367,500
$392,500
-6.4%
Frankfort
161
189
-14.8%
$364,000
$352,000
3.4%
Graver Country Estates
2
5
-60%
$348,125
$232,000
50.1%
Homer Glen
135
181
-25.4%
$310,000
$312,000
-0.6%
Tinley Park
59
57
3.5%
$289,900
$250,000
16%
Spencer
1
12
-91.7%
$280,900
$328,148
-14.4%
Plainfield
346
404
-14.4%
$280,000
$259,200
8%
Mokena
104
142
-26.8%
$263,500
$285,000
-7.5%

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