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Lake County Gazette

Wednesday, November 27, 2024

Wadsworth home prices rise in December 2017

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The median sale price of a home sold in December 2017 in Wadsworth rose by $105,000 while total sales increased by 133.3%, according to BlockShopper.com.

In December 2017, there were seven homes sold, with a median sale price of $320,000 - a 48.8% increase over the $215,000 median sale price for the same period of the previous year. There were three homes sold in Wadsworth in December 2016.

The median sales tax in Wadsworth for 2017 was $8,751.96. In 2016, the median sales tax was $8,595.30. This marks an increase of 1.8%. 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 Wadsworth 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)
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%
Horatio Gardens30-$320,000$0-
Wadsworth73133.3%$320,000$215,00048.8%
Lake Zurich211816.7%$310,000$321,500-3.6%
Lake Catherine20-$304,450$0-
Tower Lakes12-50%$300,000$407,500-26.4%
Port Barrington10-$295,000$0-
Knollwood52150%$266,000$206,00029.1%

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