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Lake County Gazette

Friday, April 26, 2024

Q1 real estate sales report: Long Lake

Realestate3

Median prices declined in Long Lake over last year, and are down 2.5 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 9 homes sold in Long Lake for a median price of $103,500. That's 2.4 percent lower than median home sale prices for the first quarter of 2017.

In the first quarter, 1 home in Long Lake was in foreclosure.

Median property tax for homeowners in Long Lake was $3,653.75 in 2017 according to tax data from that year. That means homeowners pay 3.4 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.

Long Lake real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
8
$106,119
-
2010
4
$87,153
-17.9%
2011
10
$46,330
-46.8%
2012
3
$234,350
405.8%
2013
10
$50,761
-78.3%
2014
6
$86,337
70.1%
2015
6
$92,750
7.4%
2016
10
$118,073
27.3%
2017
15
$106,080
-10.2%
2018
9
$103,500
-2.4%

Median property tax
Median sale price
Effective property tax rate
2009
$3,717.28
$106,119
3.5%
2010
$3,389.28
$87,153
3.9%
2011
$2,884.37
$46,330
6.2%
2012
$10,958.22
$234,350
4.7%
2013
$3,271.02
$50,761
6.4%
2014
$2,906.94
$86,337
3.4%
2015
$3,763.64
$92,750
4.1%
2016
$3,443.16
$118,073
2.9%
2017
$3,653.75
$106,080
3.4%

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