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Dupage Policy Journal

Thursday, April 18, 2024

Wheaton home prices fall in February 2017

Re 9

The median sale price of a home sold in February 2017 in Wheaton fell by $10,000 while total sales decreased by 24.4%, according to BlockShopper.com.

In February 2017, there were 31 homes sold, with a median sale price of $290,000 - a 3.3% decrease over the $300,000 median sale price for the same period of the previous year. There were 41 homes sold in Wheaton in February 2016.

The median sales tax in Wheaton for 2017 was $7,383.12. In 2016, the median sales tax was $7,229.80. This marks an increase of 2.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.5%.

The following table compares Wheaton to other DuPage County cities with similar median sales prices in February 2017:

CityFeb. 2017 Home SalesFeb. 2016 Home Sales% change (Total Home Sales)Feb. 2017 Median Sales PriceFeb. 2016 Median Sales Price% change (Median Sales Price)
Clarendon Hills68-25%$420,500$236,25078%
Glen Ellyn1827-33.3%$372,000$460,000-19.1%
Elmhurst4723104.3%$320,000$420,000-23.8%
St. Charles12-50%$295,000$260,50013.2%
Naperville7891-14.3%$290,700$300,000-3.1%
Wheaton3141-24.4%$290,000$300,000-3.3%
Woodridge1524-37.5%$280,000$214,00030.8%
Darien262030%$273,000$271,2500.6%
Winfield84100%$270,500$209,50029.1%
Lisle1519-21.1%$270,000$226,00019.5%
Downers Grove494216.7%$255,000$238,0007.1%

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