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Saturday, April 20, 2024

Marengo home prices rise in the second quarter of 2018

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The median sale price of a home sold in the second quarter of 2018 in Marengo rose by $19,500 while total sales decreased by 2.8%, according to BlockShopper.com.

From April through June of 2018, there were 35 homes sold, with a median sale price of $164,000 - a 13.5% increase over the $144,500 median sale price for the same period of the previous year. There were 36 homes sold in Marengo in the second quarter of 2017.

The median sales tax in Marengo for the most recent year with available data, 2017, was $4,099.80, approximately 2.5% of the median home sale price for the second quarter of 2018.

The following table compares Marengo to other McHenry County cities with similar median sales prices in the second quarter of 2018:

CityApr. - June 2018 Home SalesApr. - June 2017 Home Sales% change (Total Home Sales)Apr. - June 2018 Median Sales PriceApr. - June 2017 Median Sales Price% change (Median Sales Price)
Crystal Lake2712489.3%$205,000$201,7501.6%
Haegers Bend110%$190,000$154,00023.4%
McHenry1951874.3%$180,000$171,0005.3%
Woodstock14712418.5%$170,000$174,250-2.4%
Silver Lake24-50%$166,500$172,500-3.5%
Marengo3536-2.8%$164,000$144,50013.5%
Island Lake2430-20%$162,000$156,5003.5%
Fox River Shores20-$156,250$0-
Crystal Manor550%$156,000$132,00018.2%
Holiday Hills4333.3%$155,750$140,00011.3%
Lakemoor16160%$151,250$141,0007.3%

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