Quantcast

Will County Gazette

Sunday, March 30, 2025

Will County home valuations rose in December 2024 compared to the same period in 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 December 2024, the median sale price of a home in Will County rose by $25,501 from the same period in the previous year, while total sales increased by 11.6%, according to BlockShopper.com.

There were 732 homes sold in December 2024, with a median sale price of $300,501 — a 9.3% increase over the $275,000 median sale price during the same period of the previous year. In comparison, 656 homes were sold in Will County in December 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 December 2024'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 December 2023 to December 2024.

December 2023January 2024February 2024March 2024April 2024May 2024June 2024July 2024August 2024September 2024October 2024November 2024December 2024$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$313,500$313,500$310,000$310,000$300,501$300,501

MORE NEWS