Quantcast

East Central Reporter

Wednesday, December 18, 2024

What happened to the median home valuation price in Crawford County in October 2024 compared to October 2023?

Webp 9qaxs2h57i1p4hetwllrqiiq85ox

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

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

In October, the median sale price of a home in Crawford County fell by $19,751 from the same period in the previous year, while total sales increased by 37%, according to BlockShopper.com.

There were 37 homes sold in October, with a median sale price of $90,249 — an 18% decrease from the $110,000 median sale price during the same period of the previous year. In comparison, 27 homes were sold in Crawford County in October 2023.

Based on the latest available data from 2021, the median sales tax in Crawford County was $1,152, which stands at 1.3% of October'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 October 2023 to October 2024.

October 2023November 2023December 2023January 2024February 2024March 2024April 2024May 2024June 2024July 2024August 2024September 2024October 2024$110,000$110,000$60,000$60,000$83,000$83,000$32,500$32,500$94,500$94,500$57,000$57,000$100,000$100,000$65,000$65,000$94,750$94,750$112,500$112,500$79,750$79,750$65,000$65,000$90,249$90,249

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS