Richmond home prices fall in September 2020

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The median sale price of a home sold in September 2020 in Richmond fell by $29,500 while total sales increased by 100%, according to

In September 2020, there were four homes sold, with a median sale price of $270,000 - a 9.8% decrease over the $299,500 median sale price for the same period of the previous year. There were two homes sold in Richmond in September 2019.

The median sales tax in Richmond for the most recent year with available data, 2019, was $5,193, approximately 1.9% of the median home sale price for September 2020.

The following table compares Richmond to other McHenry County cities with similar median sales prices in September 2020:

CitySept. 2020 Home SalesSept. 2019 Home Sales% change (Total Home Sales)Sept. 2020 Median Sales PriceSept. 2019 Median Sales Price% change (Median Sales Price)
Spring Grove113266.7%$330,000$305,0008.2%
Bull Valley41300%$325,000$187,00073.8%
Port Barrington3250%$286,000$261,5009.4%
Fox River Grove81700%$257,500$400,000-35.6%
Lake in the Hills645028%$251,000$214,50017%
Crystal Lake7476-2.6%$240,000$215,00011.6%

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