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McHenry Times

Friday, November 22, 2024

2017 home sales: How did McHenry County prices fare?

Realestate3

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Median prices rose in most McHenry County suburbs last year, but are still off as much as 60 percent from 2007 highs, adjusted for inflation, according to sales data collected by Blockshopper.com.

Prices rose by 6 percent in Crystal Lake, 5.1 percent in Lake in the Hills and 10.7 percent in McHenry. Algonquin (+2.7 percent), Huntley (+10.2 percent), Cary (+7.1 percent) and Wonder Lake (+17.5 percent) also saw prices go up over 2016. 

Despite gains over 2016, real estate markets in the county's largest cities have had a difficult time recovering home values over the last 10 years. 

In Woodstock, the median price fell from an inflation-adjusted $237,770 in 2007 to $150,000 in 2017 – a difference of 37 percent.

Median prices in Crystal Lake were 25.2 percent lower in 2017 than in 2007. Lake in the Hills (-26.4 percent), McHenry (-33.4 percent), Algonquin (-21.7 percent), Huntley (-25.6 percent) and Wonder Lake (-30.5 percent) also continue to see prices significantly lower than their 2007 peak.

Barrington Hills is among the best performers over the past 10 years but is still down 43 percent.

Prairie Grove, Wonder Center and Chemung have the worst 10-year performances.

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McHenry County 2017 median sale prices

CityProperties sold 2017Median sale price 2017Median sale price 2016Change in price
Pistakee7$142,500$91,50055.74%
Burtons Bridge12$167,000$117,00042.74%
Crystal Gardens13$163,000$118,00038.14%
Trout Valley9$343,000$250,00037.20%
Haegers Bend3$154,000$112,50036.89%
Silver Lake16$172,500$134,50728.25%
Lilymoor9$122,000$99,00023.23%
Wonder Lake227$138,000$117,50017.45%
Eastwood Manor17$140,000$120,00016.67%
Lakemoor58$145,000$125,50015.54%
Fox River Grove72$230,000$201,25014.29%
McHenry608$165,000$149,00010.74%
Huntley427$248,000$225,00010.22%
Port Barrington25$270,000$245,00010.20%
Fox Lake11$358,000$325,00010.15%
Harvard124$110,000$100,00010.00%
Pistakee Highlands67$140,000$130,0007.69%
Richmond54$134,250$125,0007.40%
Cary335$225,000$210,0007.14%
Spring Grove85$286,000$269,2506.22%
Fox River Shores3$150,000$141,2506.19%
Crystal Lake806$195,000$184,0005.98%
Lake in the Hills700$205,000$195,0005.13%
Crystal Manor23$133,500$128,0004.30%
Hebron23$129,000$124,2503.82%
Lakewood82$332,000$320,0003.75%
Ringwood16$267,000$259,0003.09%
Algonquin444$231,000$225,0002.67%
Holiday Hills15$133,000$130,0002.31%
Bull Valley35$330,000$326,5001.07%
Woodstock428$150,000$150,0000.00%
Barrington Hills28$569,500$572,500-0.52%
Marengo135$154,000$155,000-0.65%
Oakwood Hills35$197,500$201,000-1.74%
McCullom Lake21$100,000$105,000-4.76%
Union6$145,250$154,000-5.68%
Island Lake103$132,000$149,750-11.85%
Emerald Park7$194,000$220,500-12.02%
Prairie Grove49$266,500$309,000-13.75%
Johnsburg110$186,750$221,750-15.78%
Wonder Center12$69,750$93,000-25.00%
Chemung2$63,800$89,000-28.31%
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10-year change in sale prices

2007 median sale prices are adjusted for inflation

CityProperties sold 2017Median sale price 2017Median sale price 2007Change in price
Prairie Grove49$266,500$665,225-59.94%
Wonder Center12$69,750$169,625-58.88%
Chemung2$63,800$145,140-56.04%
Emerald Park7$194,000$413,000-53.03%
Fox River Shores3$150,000$291,460-48.53%
Johnsburg110$186,750$347,510-46.26%
Union6$145,250$270,220-46.25%
Bull Valley35$330,000$599,440-44.95%
Ringwood16$267,000$482,030-44.61%
McCullom Lake21$100,000$176,410-43.31%
Barrington Hills28$569,500$1,000,640-43.09%
Island Lake103$132,000$225,380-41.43%
Lakemoor58$145,000$243,080-40.35%
Hebron23$129,000$212,400-39.27%
Lilymoor9$122,000$198,556-38.56%
Crystal Manor23$133,500$215,350-38.01%
Haegers Bend3$154,000$247,800-37.85%
Trout Valley9$343,000$547,225-37.32%
Woodstock428$150,000$237,770-36.91%
Fox Lake11$358,000$561,975-36.30%
Harvard124$110,000$172,280-36.15%
Silver Lake16$172,500$264,910-34.88%
Pistakee7$142,500$218,300-34.72%
Eastwood Manor17$140,000$212,400-34.09%
Lakewood82$332,000$502,090-33.88%
McHenry608$165,000$247,800-33.41%
Spring Grove85$286,000$427,160-33.05%
Marengo135$154,000$227,150-32.20%
Oakwood Hills35$197,500$287,920-31.40%
Holiday Hills15$133,000$193,520-31.27%
Wonder Lake227$138,000$198,535-30.49%
Pistakee Highlands67$140,000$200,600-30.21%
Lake in the Hills700$205,000$278,480-26.39%
Huntley427$248,000$333,350-25.60%
Fox River Grove72$230,000$307,685-25.25%
Crystal Lake806$195,000$260,780-25.22%
Port Barrington25$270,000$352,820-23.47%
Cary335$225,000$289,100-22.17%
Algonquin444$231,000$295,000-21.69%
Burtons Bridge12$167,000$188,210-11.27%
Richmond54$134,250$150,450-10.77%
Crystal Gardens13$163,000$169,330-3.74%
Source: BlockShopper.com; McHenry County Recorder; Sales include all transactions that include financial consideration over $1,000.

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