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Sunday, May 5, 2024

Pricing for the median home in Lake in the Hills increased during July 2021

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The median sale price of a home sold in July 2021 in Lake in the Hills rose by $17,000 while total sales increased by 102.4%, according to BlockShopper.com.

In July 2021, there were 83 homes sold, with a median sale price of $272,000 - a 6.7% increase over the $255,000 median sale price for the same period of the previous year. There were 41 homes sold in Lake in the Hills in July 2020.

The median sales tax in Lake in the Hills for the most recent year with available data, 2019, was $6,396, approximately 2.4% of the median home sale price for July 2021.

The following table compares Lake in the Hills to other McHenry County cities with similar median sale prices in July 2021:

CityJuly 2021 Home SalesJuly 2020 Home Sales% change (Total Home Sales)July 2021 Median Sales PriceJuly 2020 Median Sales Price% change (Median Sales Price)
Algonquin794864.6%$305,000$292,5004.3%
Crystal Lake1097251.4%$295,000$229,00028.8%
Huntley564136.6%$295,000$280,0005.4%
Cary464015%$281,000$249,50012.6%
Prairie Grove62200%$273,000$105,500158.8%
Lake in the Hills8341102.4%$272,000$255,0006.7%
Johnsburg1415-6.7%$256,750$229,00012.1%
Silver Lake110%$245,500$221,50010.8%
Haegers Bend110%$240,000$155,00054.8%
Oakwood Hills57-28.6%$226,000$300,000-24.7%
Woodstock594822.9%$225,000$195,00015.4%

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