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McHenry Times

Friday, April 19, 2024

Crystal Lake home prices rise in March 2017

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The median sale price of a home sold in March 2017 in Crystal Lake rose by $9,750 while total sales increased by 57.9%, according to BlockShopper.com.

In March 2017, there were 60 homes sold, with a median sale price of $185,500 - a 5.5% increase over the $175,750 median sale price for the same period of the previous year. There were 38 homes sold in Crystal Lake in March 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 March 2017:

CityMar. 2017 Home SalesMar. 2016 Home Sales% change (Total Home Sales)Mar. 2017 Median Sales PriceMar. 2016 Median Sales Price% change (Median Sales Price)
Cary2627-3.7%$222,500$178,50024.6%
Prairie Grove41300%$220,500$294,000-25%
Algonquin262313%$217,000$212,0002.4%
Lake in the Hills6130103.3%$203,000$163,00024.5%
Crystal Gardens10-$195,000$0-
Crystal Lake603857.9%$185,500$175,7505.5%
Johnsburg103233.3%$179,500$163,5009.8%
Pistakee10-$170,000$0-
McHenry463724.3%$168,750$138,00022.3%
Richmond10-$157,000$0-
Woodstock4221100%$153,250$125,50022.1%

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