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McHenry Times

Thursday, April 18, 2024

Q3 real estate sales report: Algonquin

Realestate3

Median prices declined in Algonquin over last year, and are down 11.9 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 198 homes sold in Algonquin for a median price of $231,000. That's 3 percent lower than median home sale prices for the third quarter of 2017.

In the third quarter, 7 homes in Algonquin were in foreclosure.

Median property tax for homeowners in Algonquin was $6,768.17 in 2017 according to tax data from that year. That means homeowners pay 2.8 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: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
81
$262,080
-
2010
73
$245,100
-6.5%
2011
74
$209,615
-14.5%
2012
112
$214,185
2.2%
2013
146
$207,900
-2.9%
2014
138
$230,020
10.6%
2015
143
$212,000
-7.8%
2016
180
$259,875
22.6%
2017
168
$238,170
-8.4%
2018
198
$231,000
-3%

Median property tax
Median sale price
Effective property tax rate
2009
$6,984.63
$262,080
2.7%
2010
$6,976
$245,100
2.8%
2011
$6,885.48
$209,615
3.3%
2012
$7,277.84
$214,185
3.4%
2013
$7,192.60
$207,900
3.5%
2014
$6,986.17
$230,020
3%
2015
$6,676.83
$212,000
3.1%
2016
$7,595.53
$259,875
2.9%
2017
$6,768.16
$238,170
2.8%

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