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Dupage Policy Journal

Sunday, November 24, 2024

Wheaton home prices fall in May 2017

Realestate2

The median sale price of a home sold in May 2017 in Wheaton fell by $17,000 while total sales increased by 29.3%, according to BlockShopper.com.

In May 2017, there were 97 homes sold, with a median sale price of $300,000 - a 5.4% decrease over the $317,000 median sale price for the same period of the previous year. There were 75 homes sold in Wheaton in May 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 May 2017:

CityMay 2017 Home SalesMay 2016 Home Sales% change (Total Home Sales)May 2017 Median Sales PriceMay 2016 Median Sales Price% change (Median Sales Price)
Medinah4333.3%$363,500$350,0003.9%
Glenbard South10666.7%$358,500$370,000-3.1%
Downers Grove998516.5%$340,000$287,00018.5%
Lisle452766.7%$336,000$375,000-10.4%
Naperville18516114.9%$325,000$335,000-3%
Wheaton977529.3%$300,000$317,000-5.4%
Darien4447-6.4%$286,950$295,000-2.7%
Winfield121020%$276,250$319,000-13.4%
Oakbrook Terrace41300%$267,500$150,00078.3%
Bartlett4253-20.8%$267,000$240,00011.3%
Roselle312714.8%$265,000$239,00010.9%

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