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Will County Gazette

Thursday, April 25, 2024

Q1 real estate sales report: Crete

Realestate4

Median prices rose in Crete over last year, and are down 14 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 37 homes sold in Crete for a median price of $167,000. That's 44.1 percent higher than median home sale prices for the first quarter of 2017.

In the first quarter, 3 homes in Crete were in foreclosure.

Median property tax for homeowners in Crete was $0 in 2017 according to tax data from that year. That means homeowners pay 0 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.

Crete real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
35
$194,220
-
2010
43
$170,647
-12.1%
2011
27
$148,169
-13.2%
2012
45
$144,300
-2.6%
2013
51
$129,600
-10.2%
2014
59
$124,020
-4.3%
2015
31
$122,111
-1.5%
2016
40
$128,100
4.9%
2017
52
$115,897
-9.5%
2018
37
$167,000
44.1%

Median property tax
Median sale price
Effective property tax rate
2010
$5,858.73
$170,647
3.4%
2011
$5,064.63
$148,169
3.4%
2012
$5,102.52
$144,300
3.5%
2013
$5,764.73
$129,600
4.4%
2014
$5,373.03
$124,020
4.3%
2015
$5,440.93
$122,111
4.5%
2016
$4,583.88
$128,100
3.6%
2017
$0
$115,897
0%

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