Crawford County home valuations fell in September compared to the same period in 2023

Beckie Staley, Clerk & Recorder of Crawford County | https://crawfordcounty.illinois.gov/

By East Central Reporter Reports

Nov 12, 2024

In September, the median sale price of a home in Crawford County fell by $43,750 from the same period in the previous year, while total sales remained unchanged, according to BlockShopper.com.

There were 20 homes sold in September, with a median sale price of $65,000 — a 40.2% decrease from the $108,750 median sale price during the same period of the previous year. In comparison, 20 homes were sold in Crawford County in September 2023.

Based on the latest available data from 2021, the median sales tax in Crawford County was $1,152, which stands at 1.8% of September's median home sale price.

The U.S. housing market has soared in recent years, with its total value nearing $50 trillion in 2024. This is almost five times greater than the market's value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.

The following histogram displays changes in median sales prices in Crawford County from September 2023 to September 2024.