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Lake County Gazette

Wednesday, April 24, 2024

Q2 real estate sales report: Port Barrington

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Median prices rose in Port Barrington over last year, and are down 23.8 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 15 homes sold in Port Barrington for a median price of $280,000. That's 2.8 percent higher than median home sale prices for the second quarter of 2017.

In the second quarter, 1 home in Port Barrington was in foreclosure.

Median property tax for homeowners in Port Barrington was $7,159.34 in 2017 according to tax data from that year. That means homeowners pay 2.6 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.

Port Barrington real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
3
$367,380
-
2010
7
$281,010
-23.5%
2011
4
$291,258
3.6%
2012
6
$194,838
-33.1%
2013
5
$184,140
-5.5%
2014
5
$274,540
49.1%
2015
5
$263,940
-3.9%
2016
14
$291,375
10.4%
2017
8
$272,340
-6.5%
2018
15
$280,000
2.8%

Median property tax
Median sale price
Effective property tax rate
2009
$8,519.62
$367,380
2.3%
2010
$7,298.57
$281,010
2.6%
2011
$7,549.28
$291,258
2.6%
2012
$7,722.08
$194,838
4%
2013
$7,476.17
$184,140
4.1%
2014
$7,643.40
$274,540
2.8%
2015
$7,024.36
$263,940
2.7%
2016
$8,179.75
$291,375
2.8%
2017
$7,159.33
$272,340
2.6%

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