Marengo home prices rise in the third quarter of 2020

Medium realestate1

The median sale price of a home sold in the third quarter of 2020 in Marengo rose by $20,000 while total sales decreased by 18.6%, according to

From July through September of 2020, there were 35 homes sold, with a median sale price of $175,000 - a 12.9% increase over the $155,000 median sale price for the same period of the previous year. There were 43 homes sold in Marengo in the third quarter of 2019.

The median sales tax in Marengo for the most recent year with available data, 2019, was $4,577, approximately 2.6% of the median home sale price for the third quarter of 2020.

The following table compares Marengo to other McHenry County cities with similar median sales prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Crystal Manor550%$189,000$177,0006.8%
Wonder Lake785347.2%$187,500$145,00029.3%
Pistakee Highlands262123.8%$176,000$154,00014.3%
Crystal Gardens14-75%$160,000$143,75011.3%
Eastwood Manor660%$155,250$184,500-15.9%
Haegers Bend12-50%$155,000$211,250-26.6%
Wonder Center330%$132,500$106,00025%

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