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Lake County Gazette

Monday, November 25, 2024

Lake Barrington home prices rise in September 2017

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The median sale price of a home sold in September 2017 in Lake Barrington rose by $18,900 while total sales decreased by 6.3%, according to BlockShopper.com.

In September 2017, there were 15 homes sold, with a median sale price of $284,900 - a 7.1% increase over the $266,000 median sale price for the same period of the previous year. There were 16 homes sold in Lake Barrington in September 2016.

The median sales tax in Lake Barrington for 2017 was $7,187.89. In 2016, the median sales tax was $7,008.40. This marks an increase of 2.6%. 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 Lake Barrington 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)
Horatio Gardens41300%$326,750$280,00016.7%
Lake Zurich321968.4%$321,000$339,000-5.3%
Highwood50-$318,000$0-
Wadsworth84100%$289,000$290,000-0.3%
Echo Lake20-$287,000$0-
Lake Barrington1516-6.3%$284,900$266,0007.1%
Tower Lakes21100%$272,450$480,000-43.2%
Gurnee3745-17.8%$236,000$238,000-0.8%
Antioch322433.3%$224,000$209,3007%
Volo16-83.3%$210,000$233,813.50-10.2%
Wauconda201353.8%$208,500$206,0001.2%

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