In May, there were 13 homes sold, with a median sale price of $248,000 - a 41.7 percent increase over the $175,000 median sale price for the same period of the previous year. There were 11 homes sold in Island Lake in May 2021.
The median sales tax in Island Lake for the most recent year with available data, 2019, was $5,127, approximately 2.1 percent of the median home sale price for May.
The following table compares Island Lake to other McHenry County cities with similar median sale prices in May:
| City | May 2022 Home Sales | May 2021 Home Sales | % change (Total Home Sales) | May 2022 Median Sales Price | May 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lakemoor | 2 | 4 | -50 | $273,750 | $207,500 | 31.9 |
| Crystal Lake | 66 | 280 | -76.4 | $259,000 | $134,000 | 93.3 |
| Eastwood Manor | 2 | 0 | - | $258,500 | $0 | - |
| McHenry | 42 | 55 | -23.6 | $252,750 | $198,000 | 27.7 |
| Richmond | 2 | 5 | -60 | $248,500 | $269,000 | -7.6 |
| Island Lake | 13 | 11 | 18.2 | $248,000 | $175,000 | 41.7 |
| Marengo | 9 | 10 | -10 | $243,000 | $193,500 | 25.6 |
| Woodstock | 41 | 38 | 7.9 | $227,000 | $183,750 | 23.5 |
| Silver Lake | 1 | 1 | 0 | $225,000 | $228,000 | -1.3 |
| Pistakee Highlands | 9 | 4 | 125 | $220,000 | $170,000 | 29.4 |
| Fox River Grove | 4 | 10 | -60 | $214,500 | $215,000 | -0.2 |
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