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Grundy Reporter

Thursday, April 24, 2025

Grundy County home valuations rose in second half of 2023

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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 second half of 2023 in Grundy County rose by $14,500, while total sales decreased by 21.2%, according to BlockShopper.com.

From July through December of 2023, 323 homes were sold in the county, with a median sale price of $250,000. This is a 6.2% increase over the $235,500 median sale price during the same period in 2022, when there were 410 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 second half of 2023.

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 July 2022 to December 2023.

July - Dec. 2022Jan. - June 2023July - Dec. 2023$235,500$235,500$231,000$231,000$250,000$250,000

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