Brandon A. and Jamia Newell purchase 12001 Prairie Ave., Lemont, appraised at $825,000

The home at 12001 Prairie Ave., Lemont was sold on July 8 by Christopher and Jenifer Knollin for $825,000.

The buyers were Brandon A. and Jamia Newell.

The property tax paid for this property in 2024 was $10,810. This is 1.3% of the sale price of the home.

This property is one of 20 sales in Lemont (Cook County) from June 8 to July 8.

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.