From January through March of 2022, there were five homes sold, with a median sale price of $290,000 - a 69.1% increase over the $171,500 median sale price for the same period of the previous year. There were two homes sold in Lakewood Falls in the first quarter of 2021.
The median sales tax in Lakewood Falls for the most recent year with available data, 2019, was $4,837, approximately 1.7% of the median home sale price for the first quarter of 2022.
The following table compares Lakewood Falls to other Will County cities with similar median sale prices in the first quarter of 2022:
| City | Jan. - Mar. 2022 Home Sales | Jan. - Mar. 2021 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2022 Median Sales Price | Jan. - Mar. 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Shorewood | 70 | 57 | 22.8% | $326,500 | $265,500 | 23% |
| Manhattan | 49 | 52 | -5.8% | $325,000 | $274,500 | 18.4% |
| Custer Park | 6 | 3 | 100% | $315,000 | $160,000 | 96.9% |
| Channahon | 41 | 24 | 70.8% | $300,000 | $259,950 | 15.4% |
| Tinley Park | 20 | 23 | -13% | $295,000 | $340,000 | -13.2% |
| Lakewood Falls | 5 | 2 | 150% | $290,000 | $171,500 | 69.1% |
| Lincoln Estates | 1 | 1 | 0% | $290,000 | $385,000 | -24.7% |
| Cherry Hill | 2 | 2 | 0% | $287,500 | $250,000 | 15% |
| Preston Heights | 7 | 8 | -12.5% | $275,000 | $80,000 | 243.8% |
| Bolingbrook | 247 | 208 | 18.8% | $275,000 | $244,000 | 12.7% |
| River Edge Estates | 1 | 1 | 0% | $270,000 | $396,000 | -31.8% |
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