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Will County Gazette

Friday, April 26, 2024

Q2 real estate sales report: Wolf Creek Island

Realestate1

Median prices declined in Wolf Creek Island over last year, and are up 33.4 percent over 9 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 1 home sold in Wolf Creek Island for a price of $184,000. That's 1 percent lower than median home sale prices for the second quarter of 2017.

In the second quarter, there were no foreclosures in Wolf Creek Island.

Median property tax for homeowners in Wolf Creek Island was $4,668.37 in 2017 according to tax data from that year. That means homeowners pay 2.5 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.

Wolf Creek Island real estate: Q2 2010-2018
Properties sold
Median sale price
Change in sale price
2010
1
$137,940
-
2011
2
$17,444
-87.4%
2014
2
$102,290
486.4%
2015
1
$125,610
22.8%
2016
1
$197,400
57.2%
2017
2
$185,895
-5.8%
2018
1
$184,000
-1%

Median property tax
Median sale price
Effective property tax rate
2010
$4,058.71
$137,940
2.9%
2011
$2,710.01
$17,444
15.5%
2014
$2,785.84
$102,290
2.7%
2015
$3,928.21
$125,610
3.1%
2016
$4,921.72
$197,400
2.5%
2017
$4,668.36
$185,895
2.5%

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