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McHenry Times

Monday, November 25, 2024

Cary (McHenry County) home prices fall in the third quarter of 2018

Realestate2

The median sale price of a home sold in the third quarter of 2018 in Cary in McHenry County fell by $14,000 while total sales increased by 3.7%, according to BlockShopper.com.

From July through September of 2018, there were 112 homes sold, with a median sale price of $228,000 - a 5.8% decrease over the $242,000 median sale price for the same period of the previous year. There were 108 homes sold in Cary in the third quarter of 2017.

The median sales tax in Cary for the most recent year with available data, 2017, was $6,699.90, approximately 2.9% of the median home sale price for the third quarter of 2018.

The following table compares Cary 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)
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%
Algonquin14212910.1%$226,000$225,0000.4%
Johnsburg39382.6%$226,000$210,2507.5%
Lake in the Hills181198-8.6%$218,000$214,2501.8%
Crystal Lake235266-11.7%$210,000$194,0008.2%
* This story only considers sales data for the part of Cary that is in McHenry County.

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