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Crete (Will County) home prices rise in the fourth quarter of 2017

Real Estate

By Local Labs News Service | Jan 14, 2018

Re 3

The median sale price of a home sold in the fourth quarter of 2017 in Crete in Will County rose by $3,850 while total sales decreased by 22.2%, according to BlockShopper.com.

From October through December of 2017, there were 42 homes sold, with a median sale price of $158,350 - a 2.5% increase over the $154,500 median sale price for the same period of the previous year. There were 54 homes sold in Crete in the fourth quarter of 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 3.2%.

The following table compares Crete to other Will County cities with similar median sales prices in the fourth quarter of 2017:

City
Oct. - Dec. 2017 Home Sales
Oct. - Dec. 2016 Home Sales
% change (Total Home Sales)
Oct. - Dec. 2017 Median Sales Price
Oct. - Dec. 2016 Median Sales Price
% change (Median Sales Price)
Romeoville
130
150
-13.3%
$174,500
$155,500
12.2%
Peotone
10
11
-9.1%
$171,500
$183,900
-6.7%
Joliet
441
455
-3.1%
$169,000
$150,000
12.7%
Coynes
3
1
200%
$167,000
$217,000
-23%
Wellington Heights
2
0
-
$164,250
$0
-
Crete
42
54
-22.2%
$158,350
$154,500
2.5%
Boula
1
4
-75%
$156,000
$126,787
23%
Crest Hill
66
74
-10.8%
$155,000
$147,937.50
4.8%
Wilmington
12
18
-33.3%
$149,750
$153,300
-2.3%
Braidwood
23
21
9.5%
$133,000
$97,000
37.1%
Ingalls Park
9
20
-55%
$117,500
$77,500
51.6%
* This story only considers sales data for the part of Crete that is in Will County.

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