Marengo home prices rise in October 2020

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The median sale price of a home sold in October 2020 in Marengo rose by $20,000 while total sales increased by 60%, according to

In October 2020, there were 16 homes sold, with a median sale price of $178,000 - a 12.7% increase over the $158,000 median sale price for the same period of the previous year. There were 10 homes sold in Marengo in October 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 October 2020.

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

CityOct. 2020 Home SalesOct. 2019 Home Sales% change (Total Home Sales)Oct. 2020 Median Sales PriceOct. 2019 Median Sales Price% change (Median Sales Price)
Wonder Lake1517-11.8%$187,000$138,00035.5%
Prairie Grove4333.3%$187,000$277,000-32.5%
Crystal Manor330%$185,000$165,50011.8%
McCullom Lake21100%$185,000$49,000277.6%
Pistakee Highlands660%$176,500$160,00010.3%
Island Lake515-66.7%$143,000$165,000-13.3%

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