From January through December of 2017, there were 261 homes sold, with a median sale price of $256,000 - a 16.4% increase over the $220,000 median sale price for the previous year. There were 243 homes sold in Manhattan in 2016.
The median sales tax in Manhattan for 2017 was $6,264. In 2016, the median sales tax was $5,848. This marks an increase of 7.1%. 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 Manhattan to other Will County cities with similar median sales prices in 2017:
| City | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Homer Glen | 330 | 340 | -2.9% | $311,500 | $290,000 | 7.4% |
| Mokena | 296 | 306 | -3.3% | $288,750 | $271,000 | 6.5% |
| Plainfield | 791 | 811 | -2.5% | $262,000 | $255,000 | 2.7% |
| Forest Manor | 5 | 6 | -16.7% | $259,900 | $151,095 | 72% |
| New Lenox | 537 | 561 | -4.3% | $259,900 | $250,000 | 4% |
| Manhattan | 261 | 243 | 7.4% | $256,000 | $220,000 | 16.4% |
| Tinley Park | 108 | 105 | 2.9% | $249,000 | $300,000 | -17% |
| Minooka | 29 | 32 | -9.4% | $248,500 | $266,125 | -6.6% |
| Lincolnwood Hills | 6 | 3 | 100% | $235,000 | $218,000 | 7.8% |
| Channahon | 142 | 127 | 11.8% | $228,450 | $183,000 | 24.8% |
| Shorewood | 291 | 268 | 8.6% | $225,000 | $224,987 | 0% |
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