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Grundy Reporter

Tuesday, November 5, 2024

South Wilmington home prices rise in the first quarter of 2017

Realestate4

The median sale price of a home sold in the first quarter of 2017 in South Wilmington rose by $10,250 while total sales increased by 50%, according to BlockShopper.com.

From January through March of 2017, there were three homes sold, with a median sale price of $154,000 - a 7.1% increase over the $143,750 median sale price for the same period of the previous year. There were two homes sold in South Wilmington in the first quarter of 2016.

The median sales tax in South Wilmington for 2017 was $2,757.60. In 2016, the median sales tax was $2,870.60. This marks an decrease of 3.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.8%.

The following table compares South Wilmington to other Grundy County cities in the first quarter of 2017:

CityJan. - Mar. 2017 Home SalesJan. - Mar. 2016 Home Sales% change (Total Home Sales)Jan. - Mar. 2017 Median Sales PriceJan. - Mar. 2016 Median Sales Price% change (Median Sales Price)
Channahon814-42.9%$234,000$187,27524.9%
Gardner49-55.6%$211,500$105,000101.4%
Morris45434.7%$170,000$157,5007.9%
Minooka2837-24.3%$166,750$162,4502.6%
Diamond45-20%$166,750$284,000-41.3%
Carbon Hill52150%$155,000$137,50012.7%
South Wilmington3250%$154,000$143,7507.1%
Coal City25244.2%$153,000$143,2506.8%
Mazon70-$147,900$0-
Braceville4333.3%$60,000$95,000-36.8%
Verona00-$0$0-
Lisbon North02-100%$0$157,450-100%

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