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McHenry Times

Monday, November 25, 2024

Lake in the Hills home prices rise in the third quarter of 2018

Realestate4

The median sale price of a home sold in the third quarter of 2018 in Lake in the Hills rose by $3,750 while total sales decreased by 8.6%, according to BlockShopper.com.

From July through September of 2018, there were 181 homes sold, with a median sale price of $218,000 - a 1.8% increase over the $214,250 median sale price for the same period of the previous year. There were 198 homes sold in Lake in the Hills in the third quarter of 2017.

The median sales tax in Lake in the Hills for the most recent year with available data, 2017, was $5,879, approximately 2.7% of the median home sale price for the third quarter of 2018.

The following table compares Lake in the Hills 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)
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%
Haegers Bend110%$210,000$370,000-43.2%
McHenry178181-1.7%$175,500$170,0003.2%
Burtons Bridge51400%$172,500$30,000475%
Woodstock15312720.5%$170,000$160,0006.3%

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