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McHenry Times

Thursday, November 28, 2024

Marengo home prices fall in August 2018

Realestate1

The median sale price of a home sold in August 2018 in Marengo fell by $5,000 while total sales decreased by 21.4%, according to BlockShopper.com.

In August 2018, there were 11 homes sold, with a median sale price of $160,000 - a 3% decrease over the $165,000 median sale price for the same period of the previous year. There were 14 homes sold in Marengo in August 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 August 2018.

The following table compares Marengo 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)
Crystal Gardens31200%$164,000$210,000-21.9%
Crystal Manor21100%$164,000$155,0005.8%
McCullom Lake3250%$163,000$160,0001.9%
Burtons Bridge41300%$160,000$30,000433.3%
Hebron72250%$160,000$143,50011.5%
Marengo1114-21.4%$160,000$165,000-3%
Ringwood330%$143,000$306,000-53.3%
Island Lake13944.4%$135,000$130,0003.8%
Union31200%$135,000$123,5009.3%
Wonder Center31200%$125,500$81,50054%
Pistakee Highlands10911.1%$124,500$150,000-17%

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