August 2021: Island Lake (McHenry County) experienced a 20% drop in median home prices

Medium realestate2

The median sale price of a home sold in August 2021 in Island Lake in McHenry County fell by $41,250 while total sales increased by 200%, according to

In August 2021, there were 18 homes sold, with a median sale price of $164,500 - a 20% decrease over the $205,750 median sale price for the same period of the previous year. There were six homes sold in Island Lake in August 2020.

The median sales tax in Island Lake for the most recent year with available data, 2019, was $5,127, approximately 3.1% of the median home sale price for August 2021.

The following table compares Island Lake to other McHenry County cities with similar median sale prices in August 2021:

CityAug. 2021 Home SalesAug. 2020 Home Sales% change (Total Home Sales)Aug. 2021 Median Sales PriceAug. 2020 Median Sales Price% change (Median Sales Price)
Wonder Lake322152.4%$172,500$179,000-3.6%
McCullom Lake40-$172,500$0-
Island Lake186200%$164,500$205,750-20%
Fox River Shores20-$154,000$0-
Wonder Center41300%$140,000$120,00016.7%
* This story only considers sales data for the part of Island Lake that is in McHenry County.

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