16522 W. Ash Lane, Lockport sold by James Kane

The home at 16522 W. Ash Lane, Lockport was sold on May 20 by James Kane for $506,000.

The buyers were Cory Busse and Melanie Behrman.

The property tax paid for this property in 2022 was $11,623. This is 2.3% of the sale price of the home.

This property is one of 43 sales in Lockport (Will County) from April 20 to May 20.

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.