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Lake County Gazette

Thursday, December 19, 2024

Round Lake Beach home prices rise in May 2017

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The median sale price of a home sold in May 2017 in Round Lake Beach rose by $13,000 while total sales increased by 18.9%, according to BlockShopper.com.

In May 2017, there were 44 homes sold, with a median sale price of $120,000 - a 12.1% increase over the $107,000 median sale price for the same period of the previous year. There were 37 homes sold in Round Lake Beach in May 2016.

The median sales tax in Round Lake Beach for 2017 was $4,073.08. In 2016, the median sales tax was $3,897.80. This marks an increase of 4.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.4%.

The following table compares Round Lake Beach 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)
Hainesville11837.5%$165,000$141,00017%
Fox Lake133333.3%$159,700$154,0003.7%
North Chicago13862.5%$145,000$33,250336.1%
Round Lake Park67-14.3%$125,250$99,90025.4%
Venetian Village67-14.3%$120,450$185,000-34.9%
Round Lake Beach443718.9%$120,000$107,00012.1%
Waukegan715822.4%$120,000$101,40018.3%
Long Lake105100%$120,000$110,0009.1%
Zion363212.5%$109,750$87,25025.8%
Round Lake Heights550%$102,500$173,000-40.8%
Channel Lake61500%$101,250$570,000-82.2%

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