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McHenry Times

Tuesday, November 26, 2024

Lake in the Hills home prices rise in January 2018

Realestate3

The median sale price of a home sold in January 2018 in Lake in the Hills rose by $57,275 while total sales increased by 35.5%, according to BlockShopper.com.

In January 2018, there were 42 homes sold, with a median sale price of $210,275 - a 37.4% increase over the $153,000 median sale price for the same period of the previous year. There were 31 homes sold in Lake in the Hills in January 2017.

The median sales tax in Lake in the Hills for the most recent year with available data, 2017, was $5,879, approximately 2.8% of the median home sale price for January 2018.

The following table compares Lake in the Hills to other McHenry County cities with similar median sales prices in January 2018:

CityJan. 2018 Home SalesJan. 2017 Home Sales% change (Total Home Sales)Jan. 2018 Median Sales PriceJan. 2017 Median Sales Price% change (Median Sales Price)
Johnsburg6450%$265,000$142,00086.6%
Huntley2125-16%$245,000$255,000-3.9%
Fox River Grove12-50%$245,000$248,750-1.5%
Prairie Grove50-$229,000$0-
Port Barrington110%$219,000$295,000-25.8%
Lake in the Hills423135.5%$210,275$153,00037.4%
Algonquin251838.9%$197,000$240,000-17.9%
Cary24234.3%$195,500$174,50012%
Pistakee Highlands3250%$190,000$151,25025.6%
Island Lake510-50%$190,000$158,50019.9%
Crystal Lake453625%$180,000$183,000-1.6%

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