Druann and Louis Pellegrini buy 16929 Mendota Drive, Lockport

The home at 16929 Mendota Drive, Lockport was sold on May 21 by Camille A. Ratcliff for $325,000.

The buyers were Druann and Louis Pellegrini.

The property tax paid for this property in 2022 was $7,841. This is 2.4% of the sale price of the home.

This property is one of 45 sales in Lockport (Will County) from April 21 to May 21.

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.