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McHenry Times

Thursday, November 28, 2024

Oakwood Hills home prices fall in August 2018

Realestate077

The median sale price of a home sold in August 2018 in Oakwood Hills fell by $105,500 while total sales increased by 250%, according to BlockShopper.com.

In August 2018, there were seven homes sold, with a median sale price of $250,000 - a 29.7% decrease over the $355,500 median sale price for the same period of the previous year. There were two homes sold in Oakwood Hills in August 2017.

The median sales tax in Oakwood Hills for the most recent year with available data, 2017, was $5,702.90, approximately 2.3% of the median home sale price for August 2018.

The following table compares Oakwood Hills 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)
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%
Richmond6520%$235,000$155,00051.6%
Lake in the Hills6673-9.6%$230,000$213,5007.7%
Algonquin543745.9%$226,000$227,000-0.4%
Cary38380%$222,500$240,000-7.3%
Fox River Grove10666.7%$210,500$144,50045.7%

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