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Illinois Valley Times

Saturday, November 23, 2024

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

Realestate5

The median sale price of a home sold in the second half of 2017 in Braceville in Grundy County fell by $13,432 while total sales increased by 50%, according to BlockShopper.com.

From July through December of 2017, there were 12 homes sold, with a median sale price of $92,569 - a 12.7% decrease over the $106,000 median sale price for the same period of the previous year. There were eight homes sold in Braceville in the second half of 2016.

The median sales tax in Braceville for 2017 was $2,931. In 2016, the median sales tax was $2,853. This marks an increase of 2.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.2%.

The following table compares Braceville 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)
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%
South Wilmington143366.7%$62,750$87,500-28.3%
* This story only considers sales data for the part of Braceville that is in Grundy County.

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