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Will County Gazette

Friday, May 10, 2024

Crest Hill (Will County) home prices rise in January 2017

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The median sale price of a home sold in January 2017 in Crest Hill in Will County rose by $30,000 while total sales increased by 158.3%, according to BlockShopper.com.

In January 2017, there were 31 homes sold, with a median sale price of $140,000 - a 27.3% increase over the $110,000 median sale price for the same period of the previous year. There were 12 homes sold in Crest Hill in January 2016.

The median sales tax in Crest Hill for 2017 was $3,608.27. In 2016, the median sales tax was $3,399.80. This marks an increase of 6.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.6%.

The following table compares Crest Hill to other Will County cities with similar median sales prices in January 2017:

CityJan. 2017 Home SalesJan. 2016 Home Sales% change (Total Home Sales)Jan. 2017 Median Sales PriceJan. 2016 Median Sales Price% change (Median Sales Price)
Wheatland Plains20-$150,500$0-
Crystal Lawns110%$149,900$71,100110.8%
Braidwood83166.7%$149,250$88,80668.1%
Peotone62200%$147,500$150,500-2%
Wilmington6520%$141,500$85,00066.5%
Crest Hill3112158.3%$140,000$110,00027.3%
Joliet17311945.4%$138,000$115,10019.9%
Preston Heights40-$135,000$0-
Rockdale41300%$113,325$107,0005.9%
Crete201533.3%$111,000$119,000-6.7%
Ingalls Park45-20%$107,000$36,200195.6%
* This story only considers sales data for the part of Crest Hill that is in Will County.

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