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Lake County Gazette

Sunday, November 24, 2024

Lincolnshire home prices fall in March 2017

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The median sale price of a home sold in March 2017 in Lincolnshire fell by $11,959.37 while total sales increased by 275%, according to BlockShopper.com.

In March 2017, there were 15 homes sold, with a median sale price of $380,000 - a 3.1% decrease over the $391,959.37 median sale price for the same period of the previous year. There were four homes sold in Lincolnshire in March 2016.

The median sales tax in Lincolnshire for 2017 was $13,527.93. In 2016, the median sales tax was $13,006.90. This marks an increase of 4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.6%.

The following table compares Lincolnshire 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)
Kildeer6450%$462,500$580,000-20.3%
Barrington9728.6%$435,000$310,00040.3%
Deer Park52150%$430,000$670,000-35.8%
Lake Bluff10825%$426,600$802,500-46.8%
Highland Park423040%$390,000$514,500-24.2%
Lincolnshire154275%$380,000$391,959.37-3.1%
Forest Lake23-33.3%$377,250$262,00044%
Lake Zurich2122-4.5%$371,000$313,25018.4%
Deerfield201442.9%$364,000$390,000-6.7%
Libertyville2832-12.5%$345,000$320,2507.7%
Buffalo Grove423327.3%$326,500$262,50024.4%

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