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Will County Gazette

Friday, April 26, 2024

Q1 real estate sales report: Crest Hill

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Median prices rose in Crest Hill over last year, and are up 7.8 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 7 homes sold in Crest Hill for a median price of $169,900. That's 15.3 percent higher than median home sale prices for the first quarter of 2017.

In the first quarter, there were no foreclosures in Crest Hill.

Median property tax for homeowners in Crest Hill 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.

Crest Hill real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
40
$157,658
-
2010
42
$140,491
-10.9%
2011
47
$129,950
-7.5%
2012
65
$132,980
2.3%
2013
76
$125,092
-5.9%
2014
93
$117,084
-6.4%
2015
35
$132,500
13.2%
2016
48
$133,350
0.6%
2017
82
$147,390
10.5%
2018
7
$169,900
15.3%

Median property tax
Median sale price
Effective property tax rate
2010
$4,231.52
$140,491
3%
2011
$4,162.89
$129,950
3.2%
2012
$3,793.04
$132,980
2.9%
2013
$3,359.63
$125,092
2.7%
2014
$3,144.85
$117,084
2.7%
2015
$3,263.21
$132,500
2.5%
2016
$3,348.15
$133,350
2.5%
2017
$0
$147,390
0%

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