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Saturday, November 23, 2024

Hillcrest home prices rise in the first half of 2017

Realestate1

The median sale price of a home sold in the first half of 2017 in Hillcrest rose by $27,000 while total sales increased by 116.7%, according to BlockShopper.com.

From January through June of 2017, there were 13 homes sold, with a median sale price of $125,000 - a 27.6% increase over the $98,000 median sale price for the same period of the previous year. There were six homes sold in Hillcrest in the first half of 2016.

The median sales tax in Hillcrest for 2017 was $2,669. In 2016, the median sales tax was $2,613. This marks an increase of 2.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.1%.

The following table compares Hillcrest to other Ogle County cities with similar median sales prices in the first half of 2017:

CityJan. - June 2017 Home SalesJan. - June 2016 Home Sales% change (Total Home Sales)Jan. - June 2017 Median Sales PriceJan. - June 2016 Median Sales Price% change (Median Sales Price)
Davis Junction211723.5%$160,000$145,00010.3%
Lost Nation112450%$160,000$143,75011.3%
Stillman Valley145180%$152,350.50$115,00032.5%
Hillcrest136116.7%$125,000$98,00027.6%
Byron352352.2%$125,000$131,000-4.6%
Monroe Center51400%$122,000$148,000-17.6%
Creston5425%$112,600$118,000-4.6%
Rochelle7330143.3%$112,500$82,00037.2%
Polo2610160%$74,450$31,500136.3%
Forreston157114.3%$72,900$76,500-4.7%
Grand Detour550%$72,000$89,000-19.1%

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