Frederick Einar Elsing acquires 508 Concord Ave., Romeoville, appraised at $247,000

The home at 508 Concord Ave., Romeoville was sold on March 25 by Kristina Mayoral for $247,000.

The buyer was Frederick Einar Elsing.

The property tax paid for this property in 2022 was $4,362. This is 1.8% of the sale price of the home.

This property is one of 37 sales in Romeoville (Will County) from Feb. 25 to March 25.

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.