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Will County Gazette

Tuesday, April 23, 2024

Cherry Hill home prices fall in 2018

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The median sale price of a home sold in 2018 in Cherry Hill fell by $35,000 while total sales increased by 9.1%, according to BlockShopper.com.

From January through December of 2018, there were 12 homes sold, with a median sale price of $185,000 - a 15.9% decrease over the $220,000 median sale price for the previous year. There were 11 homes sold in Cherry Hill in 2017.

The median sales tax in Cherry Hill for the most recent year with available data, 2017, was $5,064, approximately 2.7% of the median home sale price for 2018.

The following table compares Cherry Hill to other Will County cities with similar median sales prices in 2018:

CityJan. - Dec. 2018 Home SalesJan. - Dec. 2017 Home Sales% change (Total Home Sales)Jan. - Dec. 2018 Median Sales PriceJan. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Lockport5465352.1%$205,000$193,0006.2%
Peotone645320.8%$194,000$167,00016.2%
Lily Cache9650%$190,000$146,87229.4%
Crystal Lawns3137-16.2%$186,000$175,0006.3%
Monee8589-4.5%$185,000$175,0005.7%
Cherry Hill12119.1%$185,000$220,000-15.9%
Wolf Creek Island910-10%$184,000$160,97514.3%
Romeoville560629-11%$182,500$170,0007.4%
Forest Manor7540%$179,250$259,900-31%
Arbury Hills1118-38.9%$178,000$179,250-0.7%
Beecher60583.4%$177,400$178,252.50-0.5%

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