The median sale price of a home sold in the first quarter of 2022 in Silver Lake rose by $60,000 while total sales decreased by 33.3%, according to BlockShopper.com.
From January through March of 2022, there were four homes sold, with a median sale price of $242,500 – a 32.9% increase over the $182,500 median sale price for the same period of the previous year. There were six homes sold in Silver Lake in the first quarter of 2021.
The median sales tax in Silver Lake for the most recent year with available data, 2019, was $3,909, approximately 1.6% of the median home sale price for the first quarter of 2022.
The following table compares Silver Lake to other McHenry County cities with similar median sale prices in the first quarter of 2022:
| City | Jan. – Mar. 2022 Home Sales | Jan. – Mar. 2021 Home Sales | % change (Total Home Sales) | Jan. – Mar. 2022 Median Sales Price | Jan. – Mar. 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lake in the Hills | 100 | 135 | -25.9% | $277,000 | $248,000 | 11.7% |
| Huntley | 69 | 89 | -22.5% | $275,000 | $270,000 | 1.9% |
| Holiday Hills | 3 | 2 | 50% | $262,000 | $103,000 | 154.4% |
| Crystal Lake | 147 | 197 | -25.4% | $262,000 | $240,000 | 9.2% |
| Fox River Grove | 15 | 19 | -21.1% | $260,000 | $237,000 | 9.7% |
| Silver Lake | 4 | 6 | -33.3% | $242,500 | $182,500 | 32.9% |
| Burtons Bridge | 2 | 2 | 0% | $235,500 | $228,000 | 3.3% |
| Woodstock | 98 | 104 | -5.8% | $232,500 | $218,250 | 6.5% |
| Cary | 56 | 73 | -23.3% | $215,250 | $232,000 | -7.2% |
| McHenry | 130 | 173 | -24.9% | $215,250 | $197,500 | 9% |
| Richmond | 11 | 11 | 0% | $211,000 | $158,500 | 33.1% |
