417 E. 16th St., Lockport sold on May 7

The home at 417 E. 16th St., Lockport was sold on May 7 by William D. Stanford for $115,000.

The buyer was Sroka Remodeling Corp.

The property tax paid for this property in 2022 was $5,045. This is 4.4% of the sale price of the home.

This property is one of 41 sales in Lockport (Will County) from April 7 to May 7.

This story was found on BlockShopper.com.

The U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.