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McHenry Times

Thursday, November 28, 2024

Prairie Grove home prices rise in August 2018

Re 7

The median sale price of a home sold in August 2018 in Prairie Grove rose by $117,000 while total sales increased by 40%, according to BlockShopper.com.

In August 2018, there were seven homes sold, with a median sale price of $470,000 - a 33.1% increase over the $353,000 median sale price for the same period of the previous year. There were five homes sold in Prairie Grove in August 2017.

The median sales tax in Prairie Grove for the most recent year with available data, 2017, was $10,416.40, approximately 2.2% of the median home sale price for August 2018.

The following table compares Prairie Grove to other McHenry County cities with similar median sales prices in August 2018:

CityAug. 2018 Home SalesAug. 2017 Home Sales% change (Total Home Sales)Aug. 2018 Median Sales PriceAug. 2017 Median Sales Price% change (Median Sales Price)
Fox Lake13-66.7%$535,000$185,000189.2%
Trout Valley3250%$490,000$506,500-3.3%
Prairie Grove7540%$470,000$353,00033.1%
Lakewood1617-5.9%$365,000$390,000-6.4%
Bull Valley20-$322,500$0-
Port Barrington23-33.3%$297,500$299,000-0.5%
Spring Grove11837.5%$297,000$296,7500.1%
Barrington Hills330%$292,000$665,000-56.1%
Huntley514610.9%$262,000$272,250-3.8%
Johnsburg1015-33.3%$259,500$215,50020.4%
Oakwood Hills72250%$250,000$355,500-29.7%

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