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McHenry Times

Tuesday, April 23, 2024

Union home prices rise in the first half of 2017

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The median sale price of a home sold in the first half of 2017 in Union rose by $49,500 while total sales decreased by 60%, according to BlockShopper.com.

From January through June of 2017, there were two homes sold, with a median sale price of $197,500 - a 33.4% increase over the $148,000 median sale price for the same period of the previous year. There were five homes sold in Union in the first half of 2016.

The median sales tax in Union for 2017 was $3,478. In 2016, the median sales tax was $3,510. This marks an decrease of 0.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.8%.

The following table compares Union to other McHenry County cities with similar median sales prices in the first half of 2017:

CityJan. - June 2017 Home SalesJan. - June 2016 Home Sales% change (Total Home Sales)Jan. - June 2017 Median Sales PriceJan. - June 2016 Median Sales Price% change (Median Sales Price)
Huntley225233-3.4%$254,500$228,00011.6%
Algonquin2141978.6%$235,000$222,0005.9%
Fox River Grove342536%$224,000$200,00012%
Cary158170-7.1%$215,500$219,750-1.9%
Johnsburg564719.1%$209,500$200,0004.8%
Union25-60%$197,500$148,00033.4%
Oakwood Hills2311109.1%$196,000$195,0000.5%
Lake in the Hills34828123.8%$196,000$190,0003.2%
Crystal Lake3843635.8%$194,500$185,0005.1%
Emerald Park220%$175,000$173,2501%
Burtons Bridge90-$175,000$0-

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