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McHenry Times

Sunday, November 24, 2024

Crystal Lake home prices rise in February 2017

Realestate3

The median sale price of a home sold in February 2017 in Crystal Lake rose by $9,750 while total sales decreased by 9.1%, according to BlockShopper.com.

In February 2017, there were 40 homes sold, with a median sale price of $173,250 - a 6% increase over the $163,500 median sale price for the same period of the previous year. There were 44 homes sold in Crystal Lake in February 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 3.4%.

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

CityFeb. 2017 Home SalesFeb. 2016 Home Sales% change (Total Home Sales)Feb. 2017 Median Sales PriceFeb. 2016 Median Sales Price% change (Median Sales Price)
Spring Grove34-25%$189,390.75$167,25013.2%
Algonquin20195.3%$187,000$183,5001.9%
Cary1517-11.8%$181,000$218,000-17%
Lake in the Hills32313.2%$177,587.50$182,000-2.4%
Pistakee110%$175,000$52,000236.5%
Crystal Lake4044-9.1%$173,250$163,5006%
Pistakee Highlands4333.3%$165,000$70,000135.7%
Burtons Bridge10-$159,000$0-
Island Lake34-25%$153,500$173,500-11.5%
Silver Lake30-$150,000$0-
McHenry333010%$145,000$128,75012.6%

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