In June 2017, there were 28 homes sold, with a median sale price of $238,750 - a 4.5% increase over the $228,500 median sale price for the same period of the previous year. There were 26 homes sold in Lake Villa in June 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 3.3%.
The following table compares Lake Villa to other Lake County cities with similar median sales prices in June 2017:
| City | June 2017 Home Sales | June 2016 Home Sales | % change (Total Home Sales) | June 2017 Median Sales Price | June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Horatio Gardens | 2 | 4 | -50% | $292,500 | $260,000 | 12.5% |
| Third Lake | 4 | 5 | -20% | $275,500 | $195,000 | 41.3% |
| Lake Barrington | 21 | 20 | 5% | $272,000 | $229,500 | 18.5% |
| Wadsworth | 8 | 5 | 60% | $253,700 | $230,000 | 10.3% |
| Gages Lake | 26 | 23 | 13% | $239,950 | $169,101 | 41.9% |
| Lake Villa | 28 | 26 | 7.7% | $238,750 | $228,500 | 4.5% |
| Volo | 6 | 5 | 20% | $236,500 | $263,500 | -10.2% |
| Gurnee | 75 | 59 | 27.1% | $230,000 | $240,000 | -4.2% |
| Grandwood Park | 11 | 11 | 0% | $222,000 | $296,000 | -25% |
| Grayslake | 57 | 45 | 26.7% | $210,000 | $180,000 | 16.7% |
| Antioch | 32 | 42 | -23.8% | $207,500 | $219,000 | -5.3% |
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