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Lake County Gazette

Wednesday, November 27, 2024

Green Oaks home prices fall in December 2017

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The median sale price of a home sold in December 2017 in Green Oaks fell by $177,500 while total sales increased by 25%, according to BlockShopper.com.

In December 2017, there were five homes sold, with a median sale price of $400,000 - a 30.7% decrease over the $577,500 median sale price for the same period of the previous year. There were four homes sold in Green Oaks in December 2016.

The median sales tax in Green Oaks for 2017 was $12,664.47. In 2016, the median sales tax was $12,157.80. This marks an increase of 4.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.2%.

The following table compares Green Oaks to other Lake County cities with similar median sales prices in December 2017:

CityDec. 2017 Home SalesDec. 2016 Home Sales% change (Total Home Sales)Dec. 2017 Median Sales PriceDec. 2016 Median Sales Price% change (Median Sales Price)
Hawthorn Woods1112-8.3%$480,000$493,960-2.8%
Third Lake10-$460,000$0-
Bannockburn110%$455,910$830,000-45.1%
Barrington Hills31200%$437,500$465,000-5.9%
Barrington1012-16.7%$422,500$407,5003.7%
Green Oaks5425%$400,000$577,500-30.7%
Lake Barrington510-50%$395,000$354,25011.5%
Deerfield322433.3%$387,000$438,689.50-11.8%
Libertyville2434-29.4%$384,000$327,75017.2%
Buffalo Grove3039-23.1%$331,000$318,0004.1%
Mettawa31200%$325,000$625,000-48%

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