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Sunday, September 29, 2024

Lake in the Hills home prices fall in November 2017

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The median sale price of a home sold in November 2017 in Lake in the Hills fell by $13,500 while total sales increased by 31.8%, according to BlockShopper.com.

In November 2017, there were 58 homes sold, with a median sale price of $183,000 - a 6.9% decrease over the $196,500 median sale price for the same period of the previous year. There were 44 homes sold in Lake in the Hills in November 2016.

The median sales tax in Lake in the Hills for 2017 was $5,878.95. In 2016, the median sales tax was $5,895.40. This marks an decrease of 0.3%. 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 Lake in the 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 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%
Prairie Grove25-60%$151,500$330,000-54.1%

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