In March 2017, there were 17 homes sold, with a median sale price of $274,000 - a 29.6% increase over the $211,500 median sale price for the same period of the previous year. There were 16 homes sold in Lake Villa in March 2016.
The median sales tax in Lake Villa for 2017 was $7,978.89. In 2016, the median sales tax was $8,227.40. This marks an decrease of 3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.9%.
The following table compares Lake Villa to other Lake County cities with similar median sales prices in March 2017:
| City | Mar. 2017 Home Sales | Mar. 2016 Home Sales | % change (Total Home Sales) | Mar. 2017 Median Sales Price | Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Buffalo Grove | 42 | 33 | 27.3% | $326,500 | $262,500 | 24.4% |
| Lake Barrington | 8 | 10 | -20% | $321,250 | $330,000 | -2.7% |
| Vernon Hills | 40 | 32 | 25% | $300,000 | $318,500 | -5.8% |
| Highwood | 2 | 2 | 0% | $281,000 | $237,000 | 18.6% |
| Grandwood Park | 6 | 6 | 0% | $277,500 | $233,950 | 18.6% |
| Lake Villa | 17 | 16 | 6.3% | $274,000 | $211,500 | 29.6% |
| Third Lake | 1 | 0 | - | $258,000 | $0 | - |
| Lindenhurst | 20 | 19 | 5.3% | $234,200 | $180,000 | 30.1% |
| Horatio Gardens | 1 | 2 | -50% | $234,000 | $335,750 | -30.3% |
| Echo Lake | 3 | 0 | - | $225,000 | $0 | - |
| Gurnee | 44 | 29 | 51.7% | $205,400 | $210,000 | -2.2% |
Alerts Sign-up