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McHenry Times

Sunday, September 29, 2024

Oakwood Hills home prices fall in November 2017

Re 11

The median sale price of a home sold in November 2017 in Oakwood Hills fell by $96,500 while total sales remained unchanged with two homes sold, according to BlockShopper.com.

In November 2017, there were two homes sold, with a median sale price of $193,500 - a 33.3% decrease over the $290,000 median sale price for the same period of the previous year. There were two homes sold in Oakwood Hills in November 2016, as well.

The median sales tax in Oakwood Hills for 2017 was $5,702.92. In 2016, the median sales tax was $5,673.60. This marks an increase of 0.5%. 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 Oakwood Hills to other McHenry County cities with similar median sales prices in November 2017:

CityNov. 2017 Home SalesNov. 2016 Home Sales% change (Total Home Sales)Nov. 2017 Median Sales PriceNov. 2016 Median Sales Price% change (Median Sales Price)
Fox River Grove711-36.4%$222,000$209,0006.2%
Fox River Shores110%$220,000$125,00076%
Cary2223-4.3%$214,750$187,00014.8%
Algonquin3436-5.6%$200,000$222,750-10.2%
Crystal Lake4552-13.5%$196,500$184,5006.5%
Oakwood Hills220%$193,500$290,000-33.3%
Lake in the Hills584431.8%$183,000$196,500-6.9%
Lakemoor5366.7%$169,000$208,000-18.8%
Johnsburg616-62.5%$163,250$176,500-7.5%
Marengo141127.3%$155,750$160,000-2.7%
McHenry463531.4%$154,500$149,0003.7%

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