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Will County Gazette

Wednesday, April 24, 2024

Q2 real estate sales report: Crete

Realestate5

Median prices declined in Crete over last year, and are down 13.4 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 45 homes sold in Crete for a median price of $149,900. That's 1 percent lower than median home sale prices for the second quarter of 2017.

In the second quarter, 1 home in Crete was in foreclosure.

Median property tax for homeowners in Crete was $5,094.06 in 2017 according to tax data from that year. That means homeowners pay 3.4 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.

Crete real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
39
$173,160
-
2010
52
$176,130
1.7%
2011
45
$141,250
-19.8%
2012
62
$157,505
11.5%
2013
50
$113,346
-28%
2014
79
$114,480
1%
2015
64
$113,950
-0.5%
2016
53
$133,350
17%
2017
53
$151,470
13.6%
2018
45
$149,900
-1%

Median property tax
Median sale price
Effective property tax rate
2010
$6,339.41
$176,130
3.6%
2011
$5,567.73
$141,250
3.9%
2012
$5,520.78
$157,505
3.5%
2013
$4,624
$113,346
4.1%
2014
$5,639.24
$114,480
4.9%
2015
$5,404.49
$113,950
4.7%
2016
$5,524.65
$133,350
4.1%
2017
$5,094.06
$151,470
3.4%

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