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McHenry Times

Monday, November 25, 2024

Bull Valley home prices fall in the third quarter of 2018

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The median sale price of a home sold in the third quarter of 2018 in Bull Valley fell by $70,000 while total sales increased by 80%, according to BlockShopper.com.

From July through September of 2018, there were nine homes sold, with a median sale price of $260,000 - a 21.2% decrease over the $330,000 median sale price for the same period of the previous year. There were five homes sold in Bull Valley in the third quarter of 2017.

The median sales tax in Bull Valley for the most recent year with available data, 2017, was $11,721.60, approximately 4.5% of the median home sale price for the third quarter of 2018.

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

CityJuly - Sept. 2018 Home SalesJuly - Sept. 2017 Home Sales% change (Total Home Sales)July - Sept. 2018 Median Sales PriceJuly - Sept. 2017 Median Sales Price% change (Median Sales Price)
Trout Valley52150%$380,000$506,500-25%
Prairie Grove1319-31.6%$373,000$286,00030.4%
Lakewood463243.8%$368,250$373,500-1.4%
Barrington Hills512-58.3%$330,000$532,000-38%
Spring Grove342630.8%$297,500$285,5004.2%
Bull Valley9580%$260,000$330,000-21.2%
Huntley111133-16.5%$250,000$255,000-2%
Port Barrington58-37.5%$235,000$292,000-19.5%
Oakwood Hills145180%$230,000$241,000-4.6%
Cary1121083.7%$228,000$242,000-5.8%
Fox River Grove2223-4.3%$227,000$238,000-4.6%

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