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Lake County Gazette

Monday, November 25, 2024

Highland Park home prices fall in September 2017

Re 12

The median sale price of a home sold in September 2017 in Highland Park fell by $29,000 while total sales increased by 11.4%, according to BlockShopper.com.

In September 2017, there were 39 homes sold, with a median sale price of $520,000 - a 5.3% decrease over the $549,000 median sale price for the same period of the previous year. There were 35 homes sold in Highland Park in September 2016.

The median sales tax in Highland Park for 2017 was $12,813.23. In 2016, the median sales tax was $12,453.50. This marks an increase of 2.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.5%.

The following table compares Highland Park to other Lake County cities with similar median sales prices in September 2017:

CitySept. 2017 Home SalesSept. 2016 Home Sales% change (Total Home Sales)Sept. 2017 Median Sales PriceSept. 2016 Median Sales Price% change (Median Sales Price)
Lake Forest2526-3.8%$715,000$779,000-8.2%
Kildeer8633.3%$620,000$719,950-13.9%
Lake Bluff131030%$620,000$440,00040.9%
Long Grove8633.3%$618,022.50$669,500-7.7%
Riverwoods990%$527,450$565,000-6.6%
Highland Park393511.4%$520,000$549,000-5.3%
Lincolnshire12933.3%$512,500$447,00014.7%
Hawthorn Woods11110%$504,489$515,000-2%
North Barrington56-16.7%$500,000$395,00026.6%
Deer Park84100%$440,000$400,00010%
Deerfield2639-33.3%$426,145$440,000-3.1%

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