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Saturday, November 23, 2024

Lake in the Hills home prices fall in August 2019

Realestate5

The median sale price of a home sold in August 2019 in Lake in the Hills fell by $6,000 while total sales decreased by 18.5%, according to BlockShopper.com.

In August 2019, there were 53 homes sold, with a median sale price of $224,000 - a 2.6% decrease over the $230,000 median sale price for the same period of the previous year. There were 65 homes sold in Lake in the Hills in August 2018.

The median sales tax in Lake in the Hills for the most recent year with available data, 2018, was $6,118, approximately 2.7% of the median home sale price for August 2019.

The following table compares Lake in the Hills 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)
Algonquin4654-14.8%$263,250$226,00016.5%
Fox River Grove141040%$258,500$210,50022.8%
Huntley564914.3%$258,000$250,0003.2%
Lakewood916-43.8%$250,000$382,500-34.6%
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%

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