Will County Gazette

Will County Gazette

Thursday, April 9, 2020

Homer Glen home prices rise in the second half of 2018

Real Estate

By Local Labs News Service | Jan 14, 2019

Realestate1

The median sale price of a home sold in the second half of 2018 in Homer Glen rose by $28,000 while total sales increased by 19.5%, according to BlockShopper.com.

From July through December of 2018, there were 178 homes sold, with a median sale price of $333,000 - a 9.2% increase over the $305,000 median sale price for the same period of the previous year. There were 149 homes sold in Homer Glen in the second half of 2017.

The median sales tax in Homer Glen for the most recent year with available data, 2017, was $7,411, approximately 2.2% of the median home sale price for the second half of 2018.

The following table compares Homer Glen to other Will County cities with similar median sales prices in the second half of 2018:

City
July - Dec. 2018 Home Sales
July - Dec. 2017 Home Sales
% change (Total Home Sales)
July - Dec. 2018 Median Sales Price
July - Dec. 2017 Median Sales Price
% change (Median Sales Price)
Graver Country Estates
1
2
-50%
$458,000
$378,250
21.1%
Naperville
384
331
16%
$447,000
$437,500
2.2%
Frankfort
200
205
-2.4%
$361,250
$350,000
3.2%
Custer Park
7
3
133.3%
$360,000
$31,000
1061.3%
Homer Glen
178
149
19.5%
$333,000
$305,000
9.2%
Wheatland View
4
2
100%
$332,500
$185,625
79.1%
River Edge Estates
4
3
33.3%
$320,000
$437,000
-26.8%
Brook Crossings Estates
1
3
-66.7%
$308,000
$320,000
-3.8%
Tinley Park
48
51
-5.9%
$306,000
$243,000
25.9%
Wheatland Plains
2
1
100%
$289,250
$234,500
23.3%
Mokena
133
154
-13.6%
$285,000
$303,450
-6.1%

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