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Lake County Gazette

Wednesday, November 27, 2024

Gurnee home prices fall in December 2017

Realestate1

The median sale price of a home sold in December 2017 in Gurnee fell by $44,050 while total sales decreased by 19.2%, according to BlockShopper.com.

In December 2017, there were 42 homes sold, with a median sale price of $198,500 - a 18.2% decrease over the $242,550 median sale price for the same period of the previous year. There were 52 homes sold in Gurnee in December 2016.

The median sales tax in Gurnee for 2017 was $6,712.71. In 2016, the median sales tax was $6,591.30. 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 3.4%.

The following table compares Gurnee 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)
Grayslake2937-21.6%$219,000$164,00033.5%
Highwood440%$211,250$211,946-0.3%
Grandwood Park11683.3%$210,525$291,250-27.7%
Round Lake2228-21.4%$208,500$175,50018.8%
Ingleside Shore68-25%$204,500$155,00031.9%
Gurnee4252-19.2%$198,500$242,550-18.2%
Fox Lake1318-27.8%$198,000$96,750104.7%
Lindenhurst181520%$196,750$215,000-8.5%
Mylith Park20-$195,750$0-
Wauconda15150%$193,500$190,0001.8%
Island Lake3250%$183,000$165,75010.4%

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