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Lake County Gazette

Sunday, November 24, 2024

North Barrington home prices rise in March 2017

Re 11

The median sale price of a home sold in March 2017 in North Barrington rose by $354,701 while total sales remained unchanged with five homes sold, according to BlockShopper.com.

In March 2017, there were five homes sold, with a median sale price of $905,000 - a 64.5% increase over the $550,299 median sale price for the same period of the previous year. There were five homes sold in North Barrington in March 2016, as well.

The median sales tax in North Barrington for 2017 was $14,282.97. In 2016, the median sales tax was $14,344.80. This marks an decrease of 0.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.6%.

The following table compares North Barrington to other Lake County cities with similar median sales prices in March 2017:

CityMar. 2017 Home SalesMar. 2016 Home Sales% change (Total Home Sales)Mar. 2017 Median Sales PriceMar. 2016 Median Sales Price% change (Median Sales Price)
Barrington Hills10-$1,375,000$0-
North Barrington550%$905,000$550,29964.5%
Lake Forest20195.3%$732,500$727,5000.7%
Long Grove8633.3%$706,250$522,50035.2%
Bannockburn10-$620,000$0-
Cary110%$594,500$330,00080.2%
Riverwoods45-20%$567,450$470,00020.7%
Green Oaks52150%$542,000$669,000-19%
Mettawa10-$500,000$0-
Hawthorn Woods151136.4%$470,000$523,666-10.2%
Knollwood13-66.7%$469,000$370,00026.8%

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