From January through March of 2017, there were five homes sold, with a median sale price of $150,000 - a 20% increase over the $125,000 median sale price for the same period of the previous year. There were five homes sold in Heritage Lake in the first quarter of 2016, as well.
The median sales tax in Heritage Lake for the most recent year with available data, 2016, was $3,605.40, approximately 2.4% of the median home sale price for the first quarter of 2017.
The following table compares Heritage Lake to other Tazewell County cities with similar median sales prices in the first quarter of 2017:
| City | Jan. - Mar. 2017 Home Sales | Jan. - Mar. 2016 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2017 Median Sales Price | Jan. - Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Tremont | 11 | 13 | -15.4% | $195,000 | $162,000 | 20.4% |
| Morton | 45 | 51 | -11.8% | $188,000 | $161,500 | 16.4% |
| Washington | 57 | 65 | -12.3% | $170,000 | $129,000 | 31.8% |
| Heritage Lake | 5 | 5 | 0% | $150,000 | $125,000 | 20% |
| Hopedale | 6 | 3 | 100% | $135,750 | $162,000 | -16.2% |
| Deer Creek | 3 | 0 | - | $135,000 | $0 | - |
| Green Valley | 1 | 6 | -83.3% | $135,000 | $104,750 | 28.9% |
| East Peoria | 78 | 94 | -17% | $119,250 | $109,450 | 9% |
| Mackinaw | 4 | 10 | -60% | $115,825 | $149,000 | -22.3% |
| Delavan | 7 | 8 | -12.5% | $107,500 | $90,500 | 18.8% |
| Marquette Heights | 14 | 5 | 180% | $88,250 | $63,000 | 40.1% |
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