388 Malibu Drive, Romeoville purchased by Oscar Ernesto Cisneros Medrano

The home at 388 Malibu Drive, Romeoville was sold on June 20 by Kendall Partners Ltd. for $425,000.

The buyer was Oscar Ernesto Cisneros Medrano.

The property tax paid for this property in 2022 was $8,748. This is 2.1% of the sale price of the home.

This property is one of 42 sales in Romeoville (Will County) from May 20 to June 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.