Lockport home prices rise in the third quarter of 2020

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The median sale price of a home sold in the third quarter of 2020 in Lockport rose by $14,900 while total sales increased by 19.6%, according to BlockShopper.com.

From July through September of 2020, there were 177 homes sold, with a median sale price of $224,900 - a 7.1% increase over the $210,000 median sale price for the same period of the previous year. There were 148 homes sold in Lockport in the third quarter of 2019.

The median sales tax in Lockport for the most recent year with available data, 2019, was $5,965, approximately 2.7% of the median home sale price for the third quarter of 2020.

The following table compares Lockport to other Will County cities with similar median sales prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Lily Cache110%$240,700$187,00028.7%
Cherry Hill41300%$240,000$250,000-4%
Frankfort Square473920.5%$229,000$228,0000.4%
Forest Manor220%$205,000$184,50011.1%

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