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Lake County Gazette

Wednesday, April 17, 2024

Q2 real estate sales report: Grayslake

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Median prices rose in Grayslake over last year, and are down 10.6 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 141 homes sold in Grayslake for a median price of $225,000. That's 4.4 percent higher than median home sale prices for the second quarter of 2017.

In the second quarter, 5 homes in Grayslake were in foreclosure.

Median property tax for homeowners in Grayslake was $8,827.99 in 2017 according to tax data from that year. That means homeowners pay 4.1 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.

Grayslake real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
46
$251,550
-
2010
71
$214,320
-14.8%
2011
50
$168,935
-21.2%
2012
64
$155,598
-7.9%
2013
95
$172,800
11.1%
2014
103
$207,760
20.2%
2015
93
$212,000
2%
2016
125
$203,700
-3.9%
2017
146
$215,526
5.8%
2018
141
$225,000
4.4%

Median property tax
Median sale price
Effective property tax rate
2009
$8,136.11
$251,550
3.2%
2010
$7,593.91
$214,320
3.5%
2011
$6,568.74
$168,935
3.9%
2012
$6,743.78
$155,598
4.3%
2013
$7,040.94
$172,800
4.1%
2014
$8,805.11
$207,760
4.2%
2015
$9,007.98
$212,000
4.2%
2016
$8,433.09
$203,700
4.1%
2017
$8,827.98
$215,526
4.1%

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