Q1 real estate sales report: Lake Zurich
Median prices rose in Lake Zurich over last year, and are down 0.2 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.
From January to March, 37 homes sold in Lake Zurich for a median price of $320,000. That's 5.5 percent higher than median home sale prices for the first quarter of 2017.
In the first quarter, 4 homes in Lake Zurich were in foreclosure.
Median property tax for homeowners in Lake Zurich was $7,159.44 in 2017 according to tax data from that year. That means homeowners pay 2.4 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.