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Wednesday, November 27, 2024

Hillcrest home prices fall in the first quarter of 2019

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The median sale price of a home sold in the first quarter of 2019 in Hillcrest fell by $4,500 while total sales decreased by 20%, according to BlockShopper.com.

From January through March of 2019, there were four homes sold, with a median sale price of $108,500 - a 4% decrease over the $113,000 median sale price for the same period of the previous year. There were five homes sold in Hillcrest in the first quarter of 2018.

The median sales tax in Hillcrest for 2019 was $2,725. In 2018, the median sales tax was $2,659. This marks an increase of 2.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.5%.

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

CityJan. - Mar. 2019 Home SalesJan. - Mar. 2018 Home Sales% change (Total Home Sales)Jan. - Mar. 2019 Median Sales PriceJan. - Mar. 2018 Median Sales Price% change (Median Sales Price)
Davis Junction47-42.9%$194,750$152,00028.1%
Lost Nation23-33.3%$180,250$109,00065.4%
Grand Detour23-33.3%$129,250$98,00031.9%
Rochelle1726-34.6%$119,500$100,00019.5%
Byron171330.8%$117,000$148,500-21.2%
Hillcrest45-20%$108,500$113,000-4%
Stillman Valley4333.3%$90,750$103,000-11.9%
Oregon151315.4%$77,500$97,000-20.1%
Forreston47-42.9%$77,500$65,00019.2%
Mount Morris911-18.2%$76,000$80,500-5.6%
Creston24-50%$66,750$122,000-45.3%

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