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Lake County Gazette

Thursday, December 19, 2024

Wadsworth home prices rise in May 2017

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The median sale price of a home sold in May 2017 in Wadsworth rose by $59,500 while total sales increased by 20%, according to BlockShopper.com.

In May 2017, there were six homes sold, with a median sale price of $317,500 - a 23.1% increase over the $258,000 median sale price for the same period of the previous year. There were five homes sold in Wadsworth in May 2016.

The median sales tax in Wadsworth for 2017 was $8,751.96. In 2016, the median sales tax was $8,595.30. This marks an increase of 1.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.8%.

The following table compares Wadsworth to other Lake County cities with similar median sales prices in May 2017:

CityMay 2017 Home SalesMay 2016 Home Sales% change (Total Home Sales)May 2017 Median Sales PriceMay 2016 Median Sales Price% change (Median Sales Price)
Indian Creek20-$379,500$0-
Grandwood Park94125%$355,000$152,250133.2%
Cary42100%$354,250$239,25048.1%
Lake Zurich2829-3.4%$334,000$290,00015.2%
Buffalo Grove4752-9.6%$327,000$351,250-6.9%
Wadsworth6520%$317,500$258,00023.1%
Island Lake5425%$305,000$183,50066.2%
Vernon Hills604050%$296,000$327,500-9.6%
Highwood31200%$290,000$245,00018.4%
Harris Corners21100%$270,500$360,000-24.9%
Barrington611-45.5%$270,500$235,00015.1%

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