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Lake County Gazette

Sunday, November 24, 2024

Q2 real estate sales report: Lakemoor

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Median prices rose in Lakemoor over last year, and are up 4.5 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 25 homes sold in Lakemoor for a median price of $159,000. That's 18.5 percent higher than median home sale prices for the second quarter of 2017.

In the second quarter, 1 home in Lakemoor was in foreclosure.

Median property tax for homeowners in Lakemoor was $4,258.87 in 2017 according to tax data from that year. That means homeowners pay 3.2 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.

Lakemoor real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
9
$152,100
-
2010
18
$177,555
16.7%
2011
13
$110,175
-37.9%
2012
23
$74,120
-32.7%
2013
23
$168,480
127.3%
2014
27
$129,320
-23.2%
2015
20
$132,765
2.7%
2016
27
$139,650
5.2%
2017
28
$134,130
-4%
2018
25
$159,000
18.5%

Median property tax
Median sale price
Effective property tax rate
2009
$6,735.35
$152,100
4.4%
2010
$5,683.78
$177,555
3.2%
2011
$3,868.84
$110,175
3.5%
2012
$4,012.91
$74,120
5.4%
2013
$6,254.15
$168,480
3.7%
2014
$4,715.43
$129,320
3.6%
2015
$4,724.05
$132,765
3.6%
2016
$4,725.27
$139,650
3.4%
2017
$4,258.86
$134,130
3.2%

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