Real Estate Market Update for 60051 (Mchenry, IL)

Video: Real Estate Community Tour for 60051 (Mchenry, IL)

See Real estate community tour for 60051 (Mchenry, IL)
Welcome to June's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 15% from one year earlier, and up 5% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 280-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 58%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 150-thousand dollars. The number of units sold decreased 14% year-over-year, and decreased 23% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 60051 (Mchenry, IL)
Area Information for 60051 (Mchenry, IL)
  • Population: 25,028
  • Median Age: 40.52 yr
  • Median Commute Time: 32 mins
  • Educational Climate*: 3
  • Sales Tax: 7%
  • Population Density: 782/sq mi
  • Population Change Since 2000: 15.75%
  • Closest Airport: Chicago O'hare International
  • Closest College: Univ St Mary The Lake-mundelein Seminary
  • Closest Jr. College: Mchenry County College
  • Median Household Income: $72,258
  • Annual Residential Turnover: 11%
  • Median Home Sales Price: $134,950
  • Closest Major Sports Team: Kane County Cougars (a)
  • Change Avg. Household Income Since 2000: 21.45%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60051 (Mchenry, IL)
Median Age: 40.52 Married: 48% Number of Households: 9,301 Households with Children: 2,836
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 60051 (Mchenry, IL)

      School Name Distance Type Grades School Rating Parent Rating
      Hilltop Elementary School 2.2 mi Public K-3 0 0
      Mchenry Middle School 2.4 mi Public 6-8 4 0
      St. John The Baptist Catholic School 3.7 mi Catholic PRESCHOOL-8 0 0
      St John The Baptist 3.7 mi Catholic - 0 0
      James C Bush Elementary School 3.8 mi Public 3-5 3 0
      Johnsburg Jr High School 3.9 mi Public 6-8 3 0
      Johnsburg High School 5.1 mi Public 9-12 3 3
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 60051 (Mchenry, IL)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.