In May 2017, there were 19 homes sold, with a median sale price of $220,000 - a 6% decrease over the $234,000 median sale price for the same period of the previous year. There were 21 homes sold in Lake Villa in May 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 3.6%.
The following table compares Lake Villa to other Lake County cities with similar median sales prices in May 2017:
| City | May 2017 Home Sales | May 2016 Home Sales | % change (Total Home Sales) | May 2017 Median Sales Price | May 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lake Barrington | 15 | 16 | -6.3% | $260,000 | $280,000 | -7.1% |
| Third Lake | 4 | 3 | 33.3% | $256,500 | $210,000 | 22.1% |
| Volo | 6 | 3 | 100% | $255,750 | $275,000 | -7% |
| Grayslake | 53 | 45 | 17.8% | $235,000 | $194,000 | 21.1% |
| Gurnee | 65 | 56 | 16.1% | $228,000 | $212,750 | 7.2% |
| Lake Villa | 19 | 21 | -9.5% | $220,000 | $234,000 | -6% |
| Wauconda | 28 | 9 | 211.1% | $218,750 | $160,000 | 36.7% |
| Lindenhurst | 39 | 22 | 77.3% | $208,888 | $151,450 | 37.9% |
| Gages Lake | 11 | 11 | 0% | $197,900 | $190,000 | 4.2% |
| Antioch | 24 | 25 | -4% | $196,500 | $198,500 | -1% |
| Fox Lake Hills | 7 | 4 | 75% | $194,000 | $132,500 | 46.4% |
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