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Will County Gazette

Saturday, November 23, 2024

Fairmont home prices rise in May 2019

Realestate4

The median sale price of a home sold in May 2019 in Fairmont rose by $98,050 while total sales decreased by 33.3%, according to BlockShopper.com.

In May 2019, there were two homes sold, with a median sale price of $139,300 - a 237.7% increase over the $41,250 median sale price for the same period of the previous year. There were three homes sold in Fairmont in May 2018.

The median sales tax in Fairmont for the most recent year with available data, 2018, was $1,104, approximately 0.8% of the median home sale price for May 2019.

The following table compares Fairmont to other Will County cities with similar median sales prices in May 2019:

CityMay 2019 Home SalesMay 2018 Home Sales% change (Total Home Sales)May 2019 Median Sales PriceMay 2018 Median Sales Price% change (Median Sales Price)
Wilmington8633.3%$172,450$231,000-25.3%
Monee36-50%$162,500$192,250-15.5%
Park Forest12-50%$161,000$56,450185.2%
Lakewood Falls13-66.7%$161,000$154,0004.5%
Arbury Hills21100%$157,000$179,000-12.3%
Peotone56-16.7%$145,000$214,000-32.2%
University Park5425%$139,900$38,500263.4%
Fairmont23-33.3%$139,300$41,250237.7%
Crete1114-21.4%$119,900$154,000-22.1%
Steger35-40%$88,500$82,0007.9%
Ingalls Park330%$85,000$131,000-35.1%

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