In April 2018, there were three homes sold, with a median sale price of $173,000 - a 5.2% decrease over the $182,500 median sale price for the same period of the previous year. There were six homes sold in Island Lake in April 2017.
The median sales tax in Island Lake for the most recent year with available data, 2017, was $4,802.70, approximately 2.8% of the median home sale price for April 2018.
The following table compares Island Lake to other McHenry County cities with similar median sales prices in April 2018:
| City | Apr. 2018 Home Sales | Apr. 2017 Home Sales | % change (Total Home Sales) | Apr. 2018 Median Sales Price | Apr. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Richmond | 8 | 5 | 60% | $201,250 | $140,000 | 43.8% |
| Lake in the Hills | 54 | 49 | 10.2% | $201,000 | $164,500 | 22.2% |
| Cary | 36 | 31 | 16.1% | $198,500 | $212,500 | -6.6% |
| Crystal Lake | 70 | 65 | 7.7% | $193,250 | $220,000 | -12.2% |
| McHenry | 51 | 53 | -3.8% | $177,000 | $165,000 | 7.3% |
| Island Lake | 3 | 6 | -50% | $173,000 | $182,500 | -5.2% |
| Woodstock | 43 | 34 | 26.5% | $165,000 | $167,500 | -1.5% |
| Crystal Manor | 1 | 2 | -50% | $156,000 | $141,000 | 10.6% |
| Fox River Grove | 6 | 3 | 100% | $151,000 | $145,000 | 4.1% |
| Pistakee Highlands | 6 | 5 | 20% | $147,000 | $139,000 | 5.8% |
| Lakemoor | 3 | 7 | -57.1% | $145,000 | $145,000 | 0% |
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