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McHenry Times

Friday, April 26, 2024

Crystal Lake home prices rise in January 2017

Realestate5

The median sale price of a home sold in January 2017 in Crystal Lake rose by $8,000 while total sales decreased by 16.3%, according to BlockShopper.com.

In January 2017, there were 36 homes sold, with a median sale price of $183,000 - a 4.6% increase over the $175,000 median sale price for the same period of the previous year. There were 43 homes sold in Crystal Lake in January 2016.

The median sales tax in Crystal Lake for 2017 was $5,905.70. In 2016, the median sales tax was $5,780.50. This marks an increase of 2.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.2%.

The following table compares Crystal Lake to other McHenry County cities with similar median sales prices in January 2017:

CityJan. 2017 Home SalesJan. 2016 Home Sales% change (Total Home Sales)Jan. 2017 Median Sales PriceJan. 2016 Median Sales Price% change (Median Sales Price)
Spring Grove5425%$285,000$224,75026.8%
Bull Valley12-50%$280,000$271,7503%
Huntley2530-16.7%$255,000$202,50025.9%
Fox River Grove23-33.3%$248,750$343,000-27.5%
Algonquin1824-25%$240,000$259,000-7.3%
Crystal Lake3643-16.3%$183,000$175,0004.6%
Burtons Bridge30-$175,000$0-
Cary23230%$174,500$243,000-28.2%
Holiday Hills10-$172,000$0-
Island Lake10911.1%$158,500$106,00049.5%
Lake in the Hills3134-8.8%$153,000$158,000-3.2%

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