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Grundy Reporter

Thursday, April 24, 2025

Home prices in Grundy County increased

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Grundy County Il Clerk And Recorder Kay Olson (2023) | Grundy County Clerk and Recorder

Grundy County Il Clerk And Recorder Kay Olson (2023) | Grundy County Clerk and Recorder

The median sale price of a home sold in the first half of 2024 in Grundy County rose by $18,999, while total sales decreased by 8.7%, according to BlockShopper.com.

From January through June of 2024, 293 homes were sold in the county, with a median sale price of $249,999. This is an 8.2% increase over the $231,000 median sale price during the same period in 2023, when there were 321 homes sold.

Based on the latest available data from 2020, the median sales tax in Grundy County was $4,338, which stands at 1.7% of the median home sale price for the first half of 2024.

The U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its 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 Grundy County from January 2023 to June 2024.

Jan. - June 2023July - Dec. 2023Jan. - June 2024$231,000$231,000$250,000$250,000$249,999$249,999

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