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 BlockShopper.com.
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:
| City | Aug. 2021 Home Sales | Aug. 2020 Home Sales | % change (Total Home Sales) | Aug. 2021 Median Sales Price | Aug. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Pistakee | 3 | 0 | - | $180,000 | $0 | - |
| Hebron | 8 | 2 | 300% | $177,500 | $183,000 | -3% |
| Lakemoor | 6 | 7 | -14.3% | $176,000 | $157,000 | 12.1% |
| Marengo | 10 | 10 | 0% | $175,000 | $188,750 | -7.3% |
| Wonder Lake | 32 | 21 | 52.4% | $172,500 | $179,000 | -3.6% |
| McCullom Lake | 4 | 0 | - | $172,500 | $0 | - |
| Island Lake | 18 | 6 | 200% | $164,500 | $205,750 | -20% |
| Lilymoor | 2 | 2 | 0% | $155,000 | $177,500 | -12.7% |
| Fox River Shores | 2 | 0 | - | $154,000 | $0 | - |
| Harvard | 12 | 15 | -20% | $151,250 | $165,000 | -8.3% |
| Wonder Center | 4 | 1 | 300% | $140,000 | $120,000 | 16.7% |
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