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Lake County Gazette

Sunday, November 24, 2024

Lakemoor (Lake County) home prices rise in March 2017

Realestate4

The median sale price of a home sold in March 2017 in Lakemoor in Lake County rose by $73,000 while total sales increased by 100%, according to BlockShopper.com.

In March 2017, there were six homes sold, with a median sale price of $183,000 - a 66.4% increase over the $110,000 median sale price for the same period of the previous year. There were three homes sold in Lakemoor in March 2016.

The median sales tax in Lakemoor for 2017 was $6,859.89. In 2016, the median sales tax was $6,558. This marks an increase of 4.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.7%.

The following table compares Lakemoor 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)
Echo Lake30-$225,000$0-
Gurnee442951.7%$205,400$210,000-2.2%
Wadsworth52150%$203,000$195,0004.1%
Mundelein171154.5%$199,000$167,50018.8%
Grayslake35350%$183,900$137,00034.2%
Lakemoor63100%$183,000$110,00066.4%
Antioch241741.2%$181,950$207,000-12.1%
Volo13-66.7%$171,551$198,000-13.4%
Gages Lake161323.1%$167,500$175,000-4.3%
Round Lake1621-23.8%$167,450$183,000-8.5%
Fox Lake168100%$164,750$139,50018.1%
* This story only considers sales data for the part of Lakemoor that is in Lake County.

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