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McHenry Times

Tuesday, November 26, 2024

Marengo home prices rise in January 2018

Realestate3

The median sale price of a home sold in January 2018 in Marengo rose by $38,850 while total sales increased by 150%, according to BlockShopper.com.

In January 2018, there were 10 homes sold, with a median sale price of $156,500 - a 33% increase over the $117,650 median sale price for the same period of the previous year. There were four homes sold in Marengo in January 2017.

The median sales tax in Marengo for the most recent year with available data, 2017, was $4,099.80, approximately 2.6% of the median home sale price for January 2018.

The following table compares Marengo 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)
Crystal Lake453625%$180,000$183,000-1.6%
Union20-$180,000$0-
Silver Lake21100%$175,000$120,00045.8%
Oakwood Hills3250%$171,000$115,50048.1%
McHenry332343.5%$160,000$146,0009.6%
Marengo104150%$156,500$117,65033%
Woodstock312810.7%$149,000$145,0002.8%
Lilymoor10-$143,000$0-
Wonder Lake2210120%$127,250$91,50039.1%
Crystal Gardens10-$119,000$0-
McCullom Lake20-$85,000$0-

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