In August 2018, there were 13 homes sold, with a median sale price of $135,000 - a 3.8% increase over the $130,000 median sale price for the same period of the previous year. There were nine homes sold in Island Lake in August 2017.
The median sales tax in Island Lake for the most recent year with available data, 2017, was $4,802.70, approximately 3.6% of the median home sale price for August 2018.
The following table compares Island Lake to other McHenry County cities with similar median sales prices in August 2018:
| City | Aug. 2018 Home Sales | Aug. 2017 Home Sales | % change (Total Home Sales) | Aug. 2018 Median Sales Price | Aug. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| McCullom Lake | 3 | 2 | 50% | $163,000 | $160,000 | 1.9% |
| Burtons Bridge | 4 | 1 | 300% | $160,000 | $30,000 | 433.3% |
| Hebron | 7 | 2 | 250% | $160,000 | $143,500 | 11.5% |
| Marengo | 11 | 14 | -21.4% | $160,000 | $165,000 | -3% |
| Ringwood | 3 | 3 | 0% | $143,000 | $306,000 | -53.3% |
| Island Lake | 13 | 9 | 44.4% | $135,000 | $130,000 | 3.8% |
| Union | 3 | 1 | 200% | $135,000 | $123,500 | 9.3% |
| Wonder Center | 3 | 1 | 200% | $125,500 | $81,500 | 54% |
| Pistakee Highlands | 10 | 9 | 11.1% | $124,500 | $150,000 | -17% |
| Holiday Hills | 1 | 2 | -50% | $120,000 | $160,000 | -25% |
| Harvard | 15 | 15 | 0% | $110,000 | $118,000 | -6.8% |
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