Richmond median home prices fell by 29.6% in January 2021

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The median sale price of a home sold in January 2021 in Richmond fell by $62,000 while total sales increased by 100%, according to BlockShopper.com.

In January 2021, there were four homes sold, with a median sale price of $147,750 - a 29.6% decrease over the $209,750 median sale price for the same period of the previous year. There were two homes sold in Richmond in January 2020.

The median sales tax in Richmond for the most recent year with available data, 2019, was $5,193, approximately 3.5% of the median home sale price for January 2021.

The following table compares Richmond to other McHenry County cities with similar median sale prices in January 2021:

CityJan. 2021 Home SalesJan. 2020 Home Sales% change (Total Home Sales)Jan. 2021 Median Sales PriceJan. 2020 Median Sales Price% change (Median Sales Price)
Island Lake5425%$182,000$117,25055.2%
Marengo155200%$180,000$212,000-15.1%
Union10-$178,500$0-
Crystal Manor62200%$176,500$146,00020.9%
Crystal Gardens21100%$172,500$130,00032.7%
Pistakee Highlands11683.3%$164,000$140,75016.5%
Hebron42100%$162,500$143,00013.6%
Harvard105100%$155,500$140,00011.1%
Richmond42100%$147,750$209,750-29.6%
Holiday Hills10-$102,000$0-
Wonder Center20-$100,000$0-

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