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Will County Gazette

Sunday, November 24, 2024

March 2022: New Lenox experienced a 28.4% increase in median home prices

Realestate2

The median sale price of a home sold in March 2022 in New Lenox rose by $72,500 while total sales increased by 5.3%, according to BlockShopper.com.

In March 2022, there were 40 homes sold, with a median sale price of $327,450 - a 28.4% increase over the $254,950 median sale price for the same period of the previous year. There were 38 homes sold in New Lenox in March 2021.

The median sales tax in New Lenox for the most recent year with available data, 2019, was $7,171, approximately 2.2% of the median home sale price for March 2022.

The following table compares New Lenox to other Will County cities with similar median sale prices in March 2022:

CityMar. 2022 Home SalesMar. 2021 Home Sales% change (Total Home Sales)Mar. 2022 Median Sales PriceMar. 2021 Median Sales Price% change (Median Sales Price)
Tinley Park67-14.3%$354,000$371,000-4.6%
Minooka110%$342,000$401,000-14.7%
Shorewood3212166.7%$332,500$229,783.5044.7%
Wilton110%$330,000$475,000-30.5%
Willowbrook20-$329,375$0-
New Lenox40385.3%$327,450$254,95028.4%
Homer Glen29283.6%$327,000$352,500-7.2%
Custer Park40-$315,000$0-
Beecher660%$302,500$202,50049.4%
Carillon330%$300,000$261,00014.9%
Crystal Lawns5425%$300,000$210,00042.9%

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