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Saturday, April 4, 2020

Wolf Creek Island home prices fall in the first quarter of 2017

Real Estate

By Local Labs News Service | Apr 14, 2017

Realestate5

The median sale price of a home sold in the first quarter of 2017 in Wolf Creek Island fell by $750 while total sales remained unchanged with two homes sold, according to BlockShopper.com.

From January through March of 2017, there were two homes sold, with a median sale price of $101,500 - a 0.7% decrease over the $102,250 median sale price for the same period of the previous year. There were two homes sold in Wolf Creek Island in the first quarter of 2016, as well.

The median sales tax in Wolf Creek Island for 2017 was $3,594.82. In 2016, the median sales tax was $3,679.70. This marks an decrease of 2.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.5%.

The following table compares Wolf Creek Island to other Will County cities with similar median sales prices in the first quarter of 2017:

City
Jan. - Mar. 2017 Home Sales
Jan. - Mar. 2016 Home Sales
% change (Total Home Sales)
Jan. - Mar. 2017 Median Sales Price
Jan. - Mar. 2016 Median Sales Price
% change (Median Sales Price)
Braidwood
22
13
69.2%
$127,250
$140,000
-9.1%
Lily Cache
1
1
0%
$126,744
$95,500
32.7%
Crete
52
39
33.3%
$113,624.50
$124,000
-8.4%
Rockdale
7
2
250%
$111,650
$91,000
22.7%
Preston Heights
9
3
200%
$110,000
$40,000
175%
Wolf Creek Island
2
2
0%
$101,500
$102,250
-0.7%
Ridgewood
4
2
100%
$84,000
$112,500
-25.3%
Ingalls Park
10
7
42.9%
$77,269.50
$46,000
68%
University Park
20
28
-28.6%
$62,217
$96,800
-35.7%
Custer Park
3
3
0%
$59,000
$185,000
-68.1%
Steger
17
13
30.8%
$50,000
$95,000
-47.4%

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