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McHenry Times

Friday, April 19, 2024

Woodstock home prices rise in the second quarter of 2017

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The median sale price of a home sold in the second quarter of 2017 in Woodstock rose by $24,250 while total sales decreased by 5.3%, according to BlockShopper.com.

From April through June of 2017, there were 124 homes sold, with a median sale price of $174,250 - a 16.2% increase over the $150,000 median sale price for the same period of the previous year. There were 131 homes sold in Woodstock in the second quarter of 2016.

The median sales tax in Woodstock for 2017 was $4,659.75. In 2016, the median sales tax was $4,648.40. This marks an increase of 0.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.7%.

The following table compares Woodstock to other McHenry County cities with similar median sales prices in the second quarter of 2017:

CityApr. - June 2017 Home SalesApr. - June 2016 Home Sales% change (Total Home Sales)Apr. - June 2017 Median Sales PriceApr. - June 2016 Median Sales Price% change (Median Sales Price)
Lake in the Hills22418620.4%$207,000$195,3576%
Oakwood Hills14875%$202,000$198,0002%
Crystal Lake2482384.2%$201,750$189,0006.7%
Emerald Park12-50%$200,000$173,25015.4%
Union23-33.3%$197,500$148,00033.4%
Woodstock124131-5.3%$174,250$150,00016.2%
Silver Lake440%$172,500$177,500-2.8%
McHenry18715818.4%$171,000$147,00016.3%
Richmond166166.7%$161,750$180,000-10.1%
Island Lake3033-9.1%$156,500$140,00011.8%
Haegers Bend15-80%$154,000$70,000120%

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