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Grundy Reporter

Friday, April 19, 2024

South Wilmington home prices rise in the first half of 2017

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The median sale price of a home sold in the first half of 2017 in South Wilmington rose by $59,550 while total sales increased by 20%, according to BlockShopper.com.

From January through June of 2017, there were six homes sold, with a median sale price of $130,450 - a 84% increase over the $70,900 median sale price for the same period of the previous year. There were five homes sold in South Wilmington in the first half of 2016.

The median sales tax in South Wilmington for 2017 was $2,758. In 2016, the median sales tax was $2,871. 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 2.1%.

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

CityJan. - June 2017 Home SalesJan. - June 2016 Home Sales% change (Total Home Sales)Jan. - June 2017 Median Sales PriceJan. - June 2016 Median Sales Price% change (Median Sales Price)
Channahon3032-6.3%$240,000$206,90016%
Diamond151225%$195,000$200,000-2.5%
Minooka95914.4%$185,000$178,0003.9%
Lisbon North220%$179,000$157,45013.7%
Morris12510617.9%$170,000$170,950-0.6%
Carbon Hill82300%$159,000$137,50015.6%
Coal City5865-10.8%$152,500$142,0007.4%
Mazon213600%$145,000$132,0009.8%
Gardner161414.3%$137,500$113,00021.7%
South Wilmington6520%$130,450$70,90084%
Braceville9580%$119,500$95,00025.8%
Verona00-$0$0-

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