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Peoria Standard

Sunday, November 24, 2024

Heritage Lake home prices fall in 2017

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The median sale price of a home sold in 2017 in Heritage Lake fell by $4,500 while total sales decreased by 9.7%, according to BlockShopper.com.

From January through December of 2017, there were 28 homes sold, with a median sale price of $161,500 - a 2.7% decrease over the $166,000 median sale price for the previous year. There were 31 homes sold in Heritage Lake in 2016.

The median sales tax in Heritage Lake for the most recent year with available data, 2016, was $3,605, approximately 2.2% of the median home sale price for 2017.

The following table compares Heritage Lake to other Tazewell County cities with similar median sales prices in 2017:

CityJan. - Dec. 2017 Home SalesJan. - Dec. 2016 Home Sales% change (Total Home Sales)Jan. - Dec. 2017 Median Sales PriceJan. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Morton283325-12.9%$171,500$173,000-0.9%
Tremont5971-16.9%$171,000$162,0005.6%
Washington345379-9%$170,000$165,0003%
Green Valley1726-34.6%$165,000$115,50042.9%
Heritage Lake2831-9.7%$161,500$166,000-2.7%
Mackinaw534226.2%$135,000$139,250-3.1%
Deer Creek161414.3%$134,950$94,75042.4%
East Peoria418441-5.2%$122,950$116,0006%
Minier26248.3%$116,000$107,3008.1%
Hopedale27270%$115,540$132,000-12.5%
Pekin569588-3.2%$87,000$88,750-2%

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