In February 2017, there were 21 homes sold, with a median sale price of $201,000 - a 37.7% decrease over the $322,500 median sale price for the same period of the previous year. There were 21 homes sold in Vernon Hills in February 2016, as well.
The median sales tax in Vernon Hills for 2017 was $8,241. In 2016, the median sales tax was $7,958.70. This marks an increase of 3.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 4.1%.
The following table compares Vernon Hills to other Lake County cities with similar median sales prices in February 2017:
| City | Feb. 2017 Home Sales | Feb. 2016 Home Sales | % change (Total Home Sales) | Feb. 2017 Median Sales Price | Feb. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Third Lake | 2 | 1 | 100% | $233,000 | $285,000 | -18.2% |
| Buffalo Grove | 19 | 26 | -26.9% | $230,000 | $310,200 | -25.9% |
| Wauconda | 5 | 10 | -50% | $219,000 | $182,000 | 20.3% |
| Gurnee | 20 | 29 | -31% | $217,500 | $185,000 | 17.6% |
| Volo | 1 | 1 | 0% | $213,000 | $288,000 | -26% |
| Vernon Hills | 21 | 21 | 0% | $201,000 | $322,500 | -37.7% |
| Lakemoor | 4 | 2 | 100% | $200,000 | $180,000 | 11.1% |
| Knollwood | 1 | 2 | -50% | $190,000 | $211,500 | -10.2% |
| Round Lake | 10 | 11 | -9.1% | $188,250 | $130,000 | 44.8% |
| Round Lake Heights | 1 | 2 | -50% | $180,000 | $160,450 | 12.2% |
| Mundelein | 15 | 10 | 50% | $175,000 | $148,500 | 17.8% |
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