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Lake County Gazette

Monday, November 25, 2024

Mundelein home prices fall in September 2017

Re 8

The median sale price of a home sold in September 2017 in Mundelein fell by $26,000 while total sales increased by 35.7%, according to BlockShopper.com.

In September 2017, there were 19 homes sold, with a median sale price of $165,000 - a 13.6% decrease over the $191,000 median sale price for the same period of the previous year. There were 14 homes sold in Mundelein in September 2016.

The median sales tax in Mundelein for 2017 was $4,447.68. In 2016, the median sales tax was $4,285.60. This marks an increase of 3.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.7%.

The following table compares Mundelein 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)
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%
Channel Lake30-$162,000$0-
Lindenhurst222010%$158,000$193,000-18.1%
Fox Lake920-55%$154,500$217,500-29%
Venetian Village52150%$154,000$203,500-24.3%

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