In January 2018, there were five homes sold, with a median sale price of $190,000 - a 19.9% increase over the $158,500 median sale price for the same period of the previous year. There were 10 homes sold in Island Lake in January 2017.
The median sales tax in Island Lake for the most recent year with available data, 2017, was $4,802.70, approximately 2.5% of the median home sale price for January 2018.
The following table compares Island Lake to other McHenry County cities with similar median sales prices in January 2018:
| City | Jan. 2018 Home Sales | Jan. 2017 Home Sales | % change (Total Home Sales) | Jan. 2018 Median Sales Price | Jan. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Port Barrington | 1 | 1 | 0% | $219,000 | $295,000 | -25.8% |
| Lake in the Hills | 42 | 31 | 35.5% | $210,275 | $153,000 | 37.4% |
| Algonquin | 25 | 18 | 38.9% | $197,000 | $240,000 | -17.9% |
| Cary | 24 | 23 | 4.3% | $195,500 | $174,500 | 12% |
| Pistakee Highlands | 3 | 2 | 50% | $190,000 | $151,250 | 25.6% |
| Island Lake | 5 | 10 | -50% | $190,000 | $158,500 | 19.9% |
| Crystal Lake | 45 | 36 | 25% | $180,000 | $183,000 | -1.6% |
| Union | 2 | 0 | - | $180,000 | $0 | - |
| Silver Lake | 2 | 1 | 100% | $175,000 | $120,000 | 45.8% |
| Oakwood Hills | 3 | 2 | 50% | $171,000 | $115,500 | 48.1% |
| McHenry | 33 | 23 | 43.5% | $160,000 | $146,000 | 9.6% |
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