In August 2019, there were nine homes sold, with a median sale price of $207,000 - a 56.2% increase over the $132,500 median sale price for the same period of the previous year. There were 12 homes sold in Island Lake in August 2018.
The median sales tax in Island Lake for the most recent year with available data, 2018, was $5,016, approximately 2.4% of the median home sale price for August 2019.
The following table compares Island Lake to other McHenry County cities with similar median sales prices in August 2019:
| City | Aug. 2019 Home Sales | Aug. 2018 Home Sales | % change (Total Home Sales) | Aug. 2019 Median Sales Price | Aug. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lakewood | 9 | 16 | -43.8% | $250,000 | $382,500 | -34.6% |
| Johnsburg | 22 | 12 | 83.3% | $245,000 | $281,000 | -12.8% |
| Lake in the Hills | 53 | 65 | -18.5% | $224,000 | $230,000 | -2.6% |
| Cary | 31 | 38 | -18.4% | $220,000 | $222,500 | -1.1% |
| Crystal Lake | 77 | 82 | -6.1% | $210,000 | $188,500 | 11.4% |
| Island Lake | 9 | 12 | -25% | $207,000 | $132,500 | 56.2% |
| Richmond | 3 | 4 | -25% | $205,000 | $294,750 | -30.4% |
| Lakemoor | 10 | 5 | 100% | $203,250 | $168,000 | 21% |
| Fox Lake | 3 | 1 | 200% | $200,000 | $535,000 | -62.6% |
| McHenry | 61 | 70 | -12.9% | $190,000 | $176,000 | 8% |
| Holiday Hills | 1 | 1 | 0% | $185,000 | $120,000 | 54.2% |
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