In March 2019, there were 10 homes sold, with a median sale price of $170,000 - a 23.2% increase over the $138,000 median sale price for the same period of the previous year. There were 10 homes sold in Island Lake in March 2018, as well.
The median sales tax in Island Lake for the most recent year with available data, 2018, was $5,016, approximately 3% of the median home sale price for March 2019.
The following table compares Island Lake to other McHenry County cities with similar median sales prices in March 2019:
| City | Mar. 2019 Home Sales | Mar. 2018 Home Sales | % change (Total Home Sales) | Mar. 2019 Median Sales Price | Mar. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Emerald Park | 1 | 1 | 0% | $188,000 | $195,000 | -3.6% |
| Pistakee Highlands | 7 | 6 | 16.7% | $179,000 | $161,000 | 11.2% |
| Crystal Manor | 2 | 0 | - | $179,000 | $0 | - |
| Holiday Hills | 2 | 0 | - | $178,750 | $0 | - |
| Woodstock | 33 | 42 | -21.4% | $172,000 | $187,250 | -8.1% |
| Island Lake | 10 | 10 | 0% | $170,000 | $138,000 | 23.2% |
| McHenry | 38 | 49 | -22.4% | $168,500 | $170,000 | -0.9% |
| Wonder Lake | 14 | 18 | -22.2% | $161,500 | $141,250 | 14.3% |
| Marengo | 10 | 6 | 66.7% | $145,500 | $118,500 | 22.8% |
| Eastwood Manor | 1 | 0 | - | $134,000 | $0 | - |
| Haegers Bend | 1 | 0 | - | $130,000 | $0 | - |
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