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Sunday, November 24, 2024

Hillcrest home prices rise in the third quarter of 2018

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The median sale price of a home sold in the third quarter of 2018 in Hillcrest rose by $66,250 while total sales decreased by 12.5%, according to BlockShopper.com.

From July through September of 2018, there were seven homes sold, with a median sale price of $164,500 - a 67.4% increase over the $98,250 median sale price for the same period of the previous year. There were eight homes sold in Hillcrest in the third quarter of 2017.

The median sales tax in Hillcrest for 2018 was $2,659. In 2017, the median sales tax was $2,669. This marks an decrease of 0.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.6%.

The following table compares Hillcrest to other Ogle County cities with similar median sales prices in the third quarter of 2018:

CityJuly - Sept. 2018 Home SalesJuly - Sept. 2017 Home Sales% change (Total Home Sales)July - Sept. 2018 Median Sales PriceJuly - Sept. 2017 Median Sales Price% change (Median Sales Price)
Lost Nation94125%$202,000$212,500-4.9%
Hillcrest78-12.5%$164,500$98,25067.4%
Monroe Center21100%$149,750$239,900-37.6%
Davis Junction10666.7%$149,000$158,000-5.7%
Byron23230%$149,000$142,9004.3%
Stillman Valley660%$132,500$135,500-2.2%
Creston40-$128,250$0-
Forreston79-22.2%$122,000$79,90052.7%
Grand Detour41300%$104,750$39,000168.6%
Rochelle463148.4%$97,500$105,000-7.1%
Mount Morris915-40%$85,500$71,00020.4%

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