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McHenry Times

Sunday, September 29, 2024

Prairie Grove home prices fall in November 2017

Realestate5

The median sale price of a home sold in November 2017 in Prairie Grove fell by $178,500 while total sales decreased by 60%, according to BlockShopper.com.

In November 2017, there were two homes sold, with a median sale price of $151,500 - a 54.1% decrease over the $330,000 median sale price for the same period of the previous year. There were five homes sold in Prairie Grove in November 2016.

The median sales tax in Prairie Grove for 2017 was $10,416.35. In 2016, the median sales tax was $10,515.20. This marks an decrease of 0.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 6.9%.

The following table compares Prairie Grove 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)
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%
Island Lake63100%$148,000$275,000-46.2%
Wonder Lake191258.3%$143,500$135,0006.3%
Pistakee110%$142,500$121,00017.8%
Crystal Manor110%$136,500$118,50015.2%
Eastwood Manor14-75%$134,000$117,50014%

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