Quantcast

Will County Gazette

Wednesday, December 4, 2024

How did home valuation prices perform in Will County in September 2024, compared to September 2023?

Webp mpb3qhejadj9gop7nuuk89jzdk1e

Karen A. Stuckel, Will County Recorders of Deeds | https://willcountyrecorder.com/

Karen A. Stuckel, Will County Recorders of Deeds | https://willcountyrecorder.com/

In September, the median sale price of a home in Will County rose by $21,750 from the same period in the previous year, while total sales increased by 4.1%, according to BlockShopper.com.

There were 796 homes sold in September, with a median sale price of $311,750 — a 7.5% increase over the $290,000 median sale price during the same period of the previous year. In comparison, 765 homes were sold in Will County in September 2023.

Based on the latest available data from 2022, the median sales tax in Will County was $6,402, which stands at 2.1% of September's median home sale price.

The U.S. housing market has soared in recent years, with its total value nearing $50 trillion in 2024. This is almost five times greater than the market's value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.

The following histogram displays changes in median sales prices in Will County from September 2023 to September 2024.

September 2023October 2023November 2023December 2023January 2024February 2024March 2024April 2024May 2024June 2024July 2024August 2024September 2024$290,000$290,000$292,000$292,000$308,000$308,000$275,000$275,000$289,000$289,000$277,000$277,000$285,000$285,000$303,000$303,000$315,250$315,250$338,454$338,454$330,000$330,000$325,000$325,000$311,750$311,750

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS