320 E. Third St., Lockport purchased by Joshua Meurer

The home at 320 E. Third St., Lockport was sold on April 16 by Lois E. Gerrity for $170,000.

The buyer was Joshua Meurer.

The property tax paid for this property in 2022 was $5,086. This is 3% of the sale price of the home.

This property is one of 36 sales in Lockport (Will County) from March 16 to April 16.

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.