In January 2020, there were four homes sold, with a median sale price of $117,250 - a 16.3% decrease over the $140,000 median sale price for the same period of the previous year. There were eight homes sold in Island Lake in January 2019.
The median sales tax in Island Lake for the most recent year with available data, 2018, was $5,016, approximately 4.3% of the median home sale price for January 2020.
The following table compares Island Lake to other McHenry County cities with similar median sales prices in January 2020:
| City | Jan. 2020 Home Sales | Jan. 2019 Home Sales | % change (Total Home Sales) | Jan. 2020 Median Sales Price | Jan. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Fox River Grove | 5 | 3 | 66.7% | $155,000 | $56,000 | 176.8% |
| Silver Lake | 1 | 0 | - | $150,000 | $0 | - |
| Crystal Manor | 2 | 0 | - | $146,000 | $0 | - |
| Hebron | 2 | 1 | 100% | $143,000 | $65,500 | 118.3% |
| Pistakee Highlands | 6 | 5 | 20% | $140,750 | $175,000 | -19.6% |
| Harvard | 5 | 5 | 0% | $140,000 | $103,000 | 35.9% |
| Fox River Shores | 2 | 0 | - | $138,750 | $0 | - |
| Lakemoor | 5 | 2 | 150% | $133,000 | $234,000 | -43.2% |
| Crystal Gardens | 1 | 1 | 0% | $130,000 | $110,000 | 18.2% |
| Island Lake | 4 | 8 | -50% | $117,250 | $140,000 | -16.3% |
| Oakwood Hills | 1 | 3 | -66.7% | $100,000 | $193,500 | -48.3% |
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