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McHenry Times

Sunday, September 29, 2024

Richmond home prices fall in November 2017

Realestate5

The median sale price of a home sold in November 2017 in Richmond fell by $69,500 while total sales remained unchanged with four homes sold, according to BlockShopper.com.

In November 2017, there were four homes sold, with a median sale price of $113,000 - a 38.1% decrease over the $182,500 median sale price for the same period of the previous year. There were four homes sold in Richmond in November 2016, as well.

The median sales tax in Richmond for 2017 was $4,178.93. In 2016, the median sales tax was $4,106.20. This marks an increase of 1.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.7%.

The following table compares Richmond 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)
Crystal Manor110%$136,500$118,50015.2%
Eastwood Manor14-75%$134,000$117,50014%
Port Barrington110%$130,000$325,000-60%
Pistakee Highlands63100%$125,500$139,000-9.7%
Woodstock2630-13.3%$125,000$141,000-11.3%
Holiday Hills10-$122,000$0-
Richmond440%$113,000$182,500-38.1%
Crystal Gardens110%$110,000$145,000-24.1%
Harvard512-58.3%$90,000$59,25051.9%
Hebron51400%$75,000$87,500-14.3%
Lilymoor110%$40,000$107,500-62.8%

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