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Lake County Gazette

Sunday, November 24, 2024

Q2 real estate sales report: Grass Lake

Realestate5

Median prices rose in Grass Lake over last year, and are up 131 percent over 8 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 2 homes sold in Grass Lake for a median price of $214,000. That's 27.2 percent higher than median home sale prices for the second quarter of 2017.

In the second quarter, there were no foreclosures in Grass Lake.

Median property tax for homeowners in Grass Lake was $6,730.84 in 2017 according to tax data from that year. That means homeowners pay 4 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.

Grass Lake real estate: Q2 2011-2018
Properties sold
Median sale price
Change in sale price
2011
1
$92,660
-
2012
1
$126,440
36.5%
2015
1
$169,600
34.1%
2016
1
$115,500
-31.9%
2017
1
$168,300
45.7%
2018
2
$214,000
27.2%

Median property tax
Median sale price
Effective property tax rate
2011
$2,300.65
$92,660
2.5%
2012
$5,575.41
$126,440
4.4%
2015
$5,491.21
$169,600
3.2%
2016
$4,153.55
$115,500
3.6%
2017
$6,730.83
$168,300
4%

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