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Sunday, November 24, 2024

McHenry home prices rise in October 2017

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The median sale price of a home sold in October 2017 in McHenry rose by $20,000 while total sales increased by 20%, according to BlockShopper.com.

In October 2017, there were 54 homes sold, with a median sale price of $175,000 - a 12.9% increase over the $155,000 median sale price for the same period of the previous year. There were 45 homes sold in McHenry in October 2016.

The median sales tax in McHenry for 2017 was $5,054.80. In 2016, the median sales tax was $4,882.30. This marks an increase of 3.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.9%.

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

CityOct. 2017 Home SalesOct. 2016 Home Sales% change (Total Home Sales)Oct. 2017 Median Sales PriceOct. 2016 Median Sales Price% change (Median Sales Price)
Cary352825%$220,000$167,50031.3%
Crystal Lake6375-16%$203,000$180,00012.8%
Johnsburg612-50%$196,250$304,500-35.6%
Oakwood Hills440%$180,750$326,000-44.6%
Lilymoor10-$176,000$0-
McHenry544520%$175,000$155,00012.9%
Marengo168100%$160,750$153,5004.7%
Eastwood Manor20-$154,250$0-
Lakemoor46-33.3%$150,250$125,50019.7%
Woodstock4243-2.3%$143,000$139,0002.9%
Crystal Manor4333.3%$141,500$127,50011%

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