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McHenry Times

Tuesday, November 26, 2024

Q2 real estate sales report: Algonquin

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Median prices declined in Algonquin over last year, and are down 10.6 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 163 homes sold in Algonquin for a median price of $230,000. That's 4.5 percent lower than median home sale prices for the second quarter of 2017.

In the second quarter, 5 homes in Algonquin were in foreclosure.

Median property tax for homeowners in Algonquin was $6,376.23 in 2017 according to tax data from that year. That means homeowners pay 2.6 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.

Algonquin real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
69
$257,400
-
2010
109
$247,380
-3.9%
2011
65
$231,650
-6.4%
2012
83
$210,370
-9.2%
2013
146
$185,760
-11.7%
2014
131
$215,180
15.8%
2015
153
$215,180
0%
2016
175
$239,400
11.3%
2017
208
$240,720
0.6%
2018
163
$230,000
-4.5%

Median property tax
Median sale price
Effective property tax rate
2009
$8,082.47
$257,400
3.1%
2010
$6,880.58
$247,380
2.8%
2011
$7,213.01
$231,650
3.1%
2012
$6,866.97
$210,370
3.3%
2013
$6,491.32
$185,760
3.5%
2014
$7,010.43
$215,180
3.3%
2015
$6,832.63
$215,180
3.2%
2016
$7,000.62
$239,400
2.9%
2017
$6,376.23
$240,720
2.6%

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