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Will County Gazette

Sunday, November 24, 2024

Crete (Will County) home prices fall in March 2017

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The median sale price of a home sold in March 2017 in Crete in Will County fell by $8,000 while total sales decreased by 17.6%, according to BlockShopper.com.

In March 2017, there were 14 homes sold, with a median sale price of $135,500 - a 5.6% decrease over the $143,500 median sale price for the same period of the previous year. There were 17 homes sold in Crete in March 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 3.8%.

The following table compares Crete to other Will County cities with similar median sales prices in March 2017:

CityMar. 2017 Home SalesMar. 2016 Home Sales% change (Total Home Sales)Mar. 2017 Median Sales PriceMar. 2016 Median Sales Price% change (Median Sales Price)
Joliet1511426.3%$149,000$136,0009.6%
Peotone4333.3%$146,500$158,900-7.8%
Forest Manor10-$145,000$0-
Coynes10-$140,000$0-
Braidwood56-16.7%$140,000$126,00011.1%
Crete1417-17.6%$135,500$143,500-5.6%
Ridgewood110%$127,000$150,000-15.3%
Lily Cache110%$126,744$95,50032.7%
University Park611-45.5%$103,750$101,1002.6%
Wilmington62200%$99,000.50$248,100-60.1%
Ingalls Park30-$65,000$0-
* This story only considers sales data for the part of Crete that is in Will County.

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