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Monday, November 25, 2024

Creston home prices fall in the third quarter of 2019

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The median sale price of a home sold in the third quarter of 2019 in Creston fell by $36,250 while total sales decreased by 25%, according to BlockShopper.com.

From July through September of 2019, there were three homes sold, with a median sale price of $92,000 - a 28.3% decrease over the $128,250 median sale price for the same period of the previous year. There were four homes sold in Creston in the third quarter of 2018.

The median sales tax in Creston for 2019 was $2,519. In 2018, the median sales tax was $2,667. This marks an decrease of 5.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.7%.

The following table compares Creston to other Ogle County cities with similar median sales prices in the third quarter of 2019:

CityJuly - Sept. 2019 Home SalesJuly - Sept. 2018 Home Sales% change (Total Home Sales)July - Sept. 2019 Median Sales PriceJuly - Sept. 2018 Median Sales Price% change (Median Sales Price)
Davis Junction111010%$166,500$149,00011.7%
Grand Detour34-25%$146,000$104,75039.4%
Byron2223-4.3%$144,000$149,000-3.4%
Hillcrest770%$143,000$164,500-13.1%
Rochelle4346-6.5%$99,000$97,5001.5%
Creston34-25%$92,000$128,250-28.3%
Oregon22214.8%$89,750$80,50011.5%
Mount Morris189100%$86,750$85,5001.5%
Polo171241.7%$65,000$68,500-5.1%
Forreston67-14.3%$63,250$122,000-48.2%
Leaf River52150%$47,000$23,000104.3%

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