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Will County Gazette

Monday, December 23, 2024

Crete (Will County) home prices fall in January 2017

Realestate4

The median sale price of a home sold in January 2017 in Crete in Will County fell by $8,000 while total sales increased by 33.3%, according to BlockShopper.com.

In January 2017, there were 20 homes sold, with a median sale price of $111,000 - a 6.7% decrease over the $119,000 median sale price for the same period of the previous year. There were 15 homes sold in Crete in January 2016.

The median sales tax in Crete for 2017 was $5,139.26. In 2016, the median sales tax was $5,101.20. This marks an increase of 0.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 4.6%.

The following table compares Crete 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)
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%
Park Forest6520%$102,025$40,000155.1%
University Park910-10%$100,100$102,450-2.3%
Monee63100%$90,647$162,500-44.2%
Steger57-28.6%$60,791$80,000-24%
* This story only considers sales data for the part of Crete that is in Will County.

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