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Lake County Gazette

Wednesday, July 2, 2025

Forest Lake home prices rise in May 2017

Re 9

The median sale price of a home sold in May 2017 in Forest Lake rose by $10,500 while total sales decreased by 60%, according to BlockShopper.com.

In May 2017, there were two homes sold, with a median sale price of $267,500 - a 4.1% increase over the $257,000 median sale price for the same period of the previous year. There were five homes sold in Forest Lake in May 2016.

The median sales tax in Forest Lake for 2017 was $5,623.80. In 2016, the median sales tax was $5,581.10. This marks an increase of 0.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.1%.

The following table compares Forest Lake 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)
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%
Knollwood25-60%$267,500$405,000-34%
Forest Lake25-60%$267,500$257,0004.1%
Horatio Gardens110%$265,000$221,71119.5%
Lake Barrington1516-6.3%$260,000$280,000-7.1%
Third Lake4333.3%$256,500$210,00022.1%
Volo63100%$255,750$275,000-7%
Grayslake534517.8%$235,000$194,00021.1%

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