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McHenry Times

Monday, November 25, 2024

Lake in the Hills home prices fall in September 2018

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The median sale price of a home sold in September 2018 in Lake in the Hills fell by $8,500 while total sales remained unchanged with 48 homes sold, according to BlockShopper.com.

In September 2018, there were 48 homes sold, with a median sale price of $185,000 - a 4.4% decrease over the $193,500 median sale price for the same period of the previous year. There were 48 homes sold in Lake in the Hills in September 2017, as well.

The median sales tax in Lake in the Hills for the most recent year with available data, 2017, was $5,879, approximately 3.2% of the median home sale price for September 2018.

The following table compares Lake in the Hills to other McHenry County cities with similar median sales prices in September 2018:

CitySept. 2018 Home SalesSept. 2017 Home Sales% change (Total Home Sales)Sept. 2018 Median Sales PriceSept. 2017 Median Sales Price% change (Median Sales Price)
Crystal Lake6279-21.5%$221,500$183,00021%
Cary27270%$212,500$238,500-10.9%
Johnsburg15147.1%$194,000$164,00018.3%
Pistakee Highlands7475%$186,000$141,00031.9%
Holiday Hills110%$185,000$65,000184.6%
Lake in the Hills48480%$185,000$193,500-4.4%
McHenry4756-16.1%$176,500$170,5003.5%
Prairie Grove440%$173,750$225,000-22.8%
Burtons Bridge10-$172,500$0-
Island Lake14955.6%$168,000$180,000-6.7%
Silver Lake14-75%$166,000$177,500-6.5%

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