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Lake County Gazette

Monday, November 25, 2024

Lakemoor (Lake County) home prices fall in September 2017

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The median sale price of a home sold in September 2017 in Lakemoor in Lake County fell by $36,640 while total sales increased by 66.7%, according to BlockShopper.com.

In September 2017, there were five homes sold, with a median sale price of $175,860 - a 17.2% decrease over the $212,500 median sale price for the same period of the previous year. There were three homes sold in Lakemoor in September 2016.

The median sales tax in Lakemoor for 2017 was $6,859.89. In 2016, the median sales tax was $6,558. This marks an increase of 4.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.9%.

The following table compares Lakemoor 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)
Grayslake3941-4.9%$190,000$143,50032.4%
Park City21100%$190,000$165,00015.2%
Gages Lake161323.1%$182,500$186,000-1.9%
Round Lake Heights24-50%$181,500$114,50058.5%
Ingleside Shore11922.2%$180,000$124,50044.6%
Lakemoor5366.7%$175,860$212,500-17.2%
Lake Catherine24-50%$173,750$57,000204.8%
Lake Villa1115-26.7%$173,500$230,000-24.6%
Beach Park261485.7%$167,250$123,00036%
Mundelein191435.7%$165,000$191,000-13.6%
Round Lake1827-33.3%$164,500$165,000-0.3%
* This story only considers sales data for the part of Lakemoor that is in Lake County.

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