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Saturday, November 23, 2024

Diamond (Grundy County) home prices fall in the second half of 2017

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The median sale price of a home sold in the second half of 2017 in Diamond in Grundy County fell by $5,000 while total sales decreased by 40%, according to BlockShopper.com.

From July through December of 2017, there were nine homes sold, with a median sale price of $252,000 - a 1.9% decrease over the $257,000 median sale price for the same period of the previous year. There were 15 homes sold in Diamond in the second half of 2016.

The median sales tax in Diamond for 2017 was $3,406. In 2016, the median sales tax was $3,273. This marks an increase of 4.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.4%.

The following table compares Diamond to other Grundy County cities with similar median sales prices in the second half of 2017:

CityJuly - Dec. 2017 Home SalesJuly - Dec. 2016 Home Sales% change (Total Home Sales)July - Dec. 2017 Median Sales PriceJuly - Dec. 2016 Median Sales Price% change (Median Sales Price)
Lisbon North61500%$261,500$233,50012%
Diamond915-40%$252,000$257,000-1.9%
Channahon3640-10%$250,000$238,9504.6%
Minooka1219330.1%$199,999$185,0008.1%
Morris14813311.3%$177,000$161,0009.9%
Carbon Hill46-33.3%$163,750$120,00036.5%
Coal City56535.7%$152,250$156,000-2.4%
Mazon156150%$130,000$155,000-16.1%
Gardner1516-6.3%$125,000$110,00013.6%
Verona6450%$112,250$320,000-64.9%
Braceville12850%$92,568.50$106,000-12.7%
* This story only considers sales data for the part of Diamond that is in Grundy County.

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