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Lake County Gazette

Monday, November 25, 2024

Round Lake Beach home prices rise in February 2017

Realestate3

The median sale price of a home sold in February 2017 in Round Lake Beach rose by $17,732.50 while total sales increased by 20.8%, according to BlockShopper.com.

In February 2017, there were 29 homes sold, with a median sale price of $102,500 - a 20.9% increase over the $84,767.50 median sale price for the same period of the previous year. There were 24 homes sold in Round Lake Beach in February 2016.

The median sales tax in Round Lake Beach for 2017 was $4,073.08. In 2016, the median sales tax was $3,897.80. This marks an increase of 4.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 4%.

The following table compares Round Lake Beach to other Lake County cities with similar median sales prices in February 2017:

CityFeb. 2017 Home SalesFeb. 2016 Home Sales% change (Total Home Sales)Feb. 2017 Median Sales PriceFeb. 2016 Median Sales Price% change (Median Sales Price)
Winthrop Harbor910-10%$145,000$120,00020.8%
Grandwood Park550%$145,000$335,000-56.7%
Island Lake12-50%$135,500$160,250-15.4%
Lotus Woods20-$131,250$0-
Hainesville24-50%$114,500$110,0004.1%
Waukegan4854-11.1%$105,000$94,39411.2%
Round Lake Beach292420.8%$102,500$84,767.5020.9%
Round Lake Park37-57.1%$85,000$56,00151.8%
Zion1825-28%$81,350$85,000-4.3%
Lake Catherine12-50%$60,500$77,450-21.9%
North Chicago14875%$49,500$51,750-4.3%

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