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Monday, November 25, 2024

Union 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 Union rose by $18,750 while total sales increased by 25%, according to BlockShopper.com.

From July through September of 2018, there were five homes sold, with a median sale price of $135,000 - a 16.1% increase over the $116,250 median sale price for the same period of the previous year. There were four homes sold in Union in the third quarter of 2017.

The median sales tax in Union for the most recent year with available data, 2017, was $3,478.10, approximately 2.6% of the median home sale price for the third quarter of 2018.

The following table compares Union 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)
Lakemoor1517-11.8%$145,000$150,000-3.3%
Fox River Shores110%$145,000$150,000-3.3%
McCullom Lake4333.3%$143,500$145,000-1%
Holiday Hills440%$141,250$136,7503.3%
Island Lake352729.6%$137,000$130,0005.4%
Union5425%$135,000$116,25016.1%
Eastwood Manor56-16.7%$132,000$117,00012.8%
Richmond16160%$131,500$140,000-6.1%
Harvard403129%$127,750$117,5008.7%
Ringwood660%$119,000$273,500-56.5%
Wonder Center45-20%$108,000$70,00054.3%

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