In May 2017, there were 49 homes sold, with a median sale price of $233,000 - a 3.2% increase over the $225,750 median sale price for the same period of the previous year. There were 30 homes sold in Algonquin in May 2016.
The median sales tax in Algonquin for 2017 was $6,495.14. In 2016, the median sales tax was $6,407.60. This marks an increase of 1.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.8%.
The following table compares Algonquin to other McHenry County cities with similar median sales prices in May 2017:
| City | May 2017 Home Sales | May 2016 Home Sales | % change (Total Home Sales) | May 2017 Median Sales Price | May 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Port Barrington | 3 | 4 | -25% | $275,000 | $277,500 | -0.9% |
| Spring Grove | 14 | 8 | 75% | $272,500 | $267,500 | 1.9% |
| Huntley | 57 | 41 | 39% | $255,000 | $220,000 | 15.9% |
| Cary | 28 | 35 | -20% | $238,750 | $232,500 | 2.7% |
| Burtons Bridge | 1 | 0 | - | $237,500 | $0 | - |
| Algonquin | 49 | 30 | 63.3% | $233,000 | $225,750 | 3.2% |
| Johnsburg | 10 | 6 | 66.7% | $230,000 | $196,000 | 17.3% |
| Lake in the Hills | 78 | 67 | 16.4% | $217,500 | $207,000 | 5.1% |
| Emerald Park | 1 | 1 | 0% | $200,000 | $220,500 | -9.3% |
| Crystal Lake | 79 | 78 | 1.3% | $194,000 | $197,500 | -1.8% |
| Fox River Grove | 10 | 4 | 150% | $185,500 | $269,250 | -31.1% |
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