From January through March of 2017, there were six homes sold, with a median sale price of $220,500 - a 25% decrease over the $294,000 median sale price for the same period of the previous year. There were seven homes sold in Prairie Grove in the first quarter of 2016.
The median sales tax in Prairie Grove for 2017 was $10,416.35. In 2016, the median sales tax was $10,515.20. This marks an decrease of 0.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 4.7%.
The following table compares Prairie Grove to other McHenry County cities with similar median sales prices in the first quarter of 2017:
| City | Jan. - Mar. 2017 Home Sales | Jan. - Mar. 2016 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2017 Median Sales Price | Jan. - Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Ringwood | 1 | 0 | - | $350,000 | $0 | - |
| Trout Valley | 2 | 2 | 0% | $295,500 | $215,000 | 37.4% |
| Spring Grove | 13 | 13 | 0% | $285,000 | $220,000 | 29.5% |
| Port Barrington | 3 | 2 | 50% | $270,000 | $262,000 | 3.1% |
| Huntley | 74 | 82 | -9.8% | $246,500 | $228,000 | 8.1% |
| Prairie Grove | 6 | 7 | -14.3% | $220,500 | $294,000 | -25% |
| Algonquin | 64 | 66 | -3% | $219,000 | $216,000 | 1.4% |
| Fox River Grove | 13 | 9 | 44.4% | $215,000 | $202,593 | 6.1% |
| Oakwood Hills | 9 | 3 | 200% | $196,000 | $195,000 | 0.5% |
| Cary | 64 | 67 | -4.5% | $190,500 | $200,000 | -4.8% |
| Crystal Lake | 136 | 125 | 8.8% | $180,000 | $170,000 | 5.9% |
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