The median sale price of a home sold in January 2021 in Island Lake in McHenry County rose by $64,750 while total sales increased by 25%, according to BlockShopper.com.
In January 2021, there were five homes sold, with a median sale price of $182,000 - a 55.2% increase over the $117,250 median sale price for the same period of the previous year. There were four homes sold in Island Lake in January 2020.
The median sales tax in Island Lake for the most recent year with available data, 2019, was $5,127, approximately 2.8% of the median home sale price for January 2021.
The following table compares Island Lake to other McHenry County cities with similar median sale prices in January 2021:
| City | Jan. 2021 Home Sales | Jan. 2020 Home Sales | % change (Total Home Sales) | Jan. 2021 Median Sales Price | Jan. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lakemoor | 6 | 5 | 20% | $195,500 | $133,000 | 47% |
| Eastwood Manor | 1 | 0 | - | $190,000 | $0 | - |
| McCullom Lake | 3 | 0 | - | $187,000 | $0 | - |
| Fox River Shores | 1 | 2 | -50% | $186,000 | $138,750 | 34.1% |
| Wonder Lake | 18 | 5 | 260% | $182,000 | $158,000 | 15.2% |
| Island Lake | 5 | 4 | 25% | $182,000 | $117,250 | 55.2% |
| Marengo | 15 | 5 | 200% | $180,000 | $212,000 | -15.1% |
| Union | 1 | 0 | - | $178,500 | $0 | - |
| Crystal Manor | 6 | 2 | 200% | $176,500 | $146,000 | 20.9% |
| Crystal Gardens | 2 | 1 | 100% | $172,500 | $130,000 | 32.7% |
| Pistakee Highlands | 11 | 6 | 83.3% | $164,000 | $140,750 | 16.5% |
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