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McHenry Times

Monday, November 25, 2024

McHenry home prices rise 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 McHenry rose by $5,500 while total sales decreased by 1.7%, according to BlockShopper.com.

From July through September of 2018, there were 178 homes sold, with a median sale price of $175,500 - a 3.2% increase over the $170,000 median sale price for the same period of the previous year. There were 181 homes sold in McHenry in the third quarter of 2017.

The median sales tax in McHenry for the most recent year with available data, 2017, was $5,054.80, approximately 2.9% of the median home sale price for the third quarter of 2018.

The following table compares McHenry 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)
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%
Silver Lake17-85.7%$166,000$195,000-14.9%
Lilymoor110%$160,000$163,000-1.8%
Crystal Manor9728.6%$160,000$135,00018.5%

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