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McHenry Times

Saturday, November 23, 2024

Richmond home prices fall in August 2019

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The median sale price of a home sold in August 2019 in Richmond fell by $89,750 while total sales decreased by 25%, according to BlockShopper.com.

In August 2019, there were three homes sold, with a median sale price of $205,000 - a 30.4% decrease over the $294,750 median sale price for the same period of the previous year. There were four homes sold in Richmond in August 2018.

The median sales tax in Richmond for the most recent year with available data, 2018, was $5,203, approximately 2.5% of the median home sale price for August 2019.

The following table compares Richmond to other McHenry County cities with similar median sales prices in August 2019:

CityAug. 2019 Home SalesAug. 2018 Home Sales% change (Total Home Sales)Aug. 2019 Median Sales PriceAug. 2018 Median Sales Price% change (Median Sales Price)
Johnsburg221283.3%$245,000$281,000-12.8%
Lake in the Hills5365-18.5%$224,000$230,000-2.6%
Cary3138-18.4%$220,000$222,500-1.1%
Crystal Lake7782-6.1%$210,000$188,50011.4%
Island Lake912-25%$207,000$132,50056.2%
Richmond34-25%$205,000$294,750-30.4%
Lakemoor105100%$203,250$168,00021%
Fox Lake31200%$200,000$535,000-62.6%
McHenry6170-12.9%$190,000$176,0008%
Holiday Hills110%$185,000$120,00054.2%
Woodstock4860-20%$175,000$165,0006.1%

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