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McHenry Times

Thursday, November 28, 2024

Lake in the Hills home prices rise in August 2018

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The median sale price of a home sold in August 2018 in Lake in the Hills rose by $16,500 while total sales decreased by 9.6%, according to BlockShopper.com.

In August 2018, there were 66 homes sold, with a median sale price of $230,000 - a 7.7% increase over the $213,500 median sale price for the same period of the previous year. There were 73 homes sold in Lake in the Hills in August 2017.

The median sales tax in Lake in the Hills for the most recent year with available data, 2017, was $5,879, approximately 2.6% of the median home sale price for August 2018.

The following table compares Lake in the 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)
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%
Haegers Bend10-$210,000$0-
Crystal Lake8485-1.2%$189,500$195,000-2.8%

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