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Lake County Gazette

Wednesday, November 27, 2024

Hainesville home prices rise in December 2017

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The median sale price of a home sold in December 2017 in Hainesville rose by $46,500 while total sales increased by 60%, according to BlockShopper.com.

In December 2017, there were eight homes sold, with a median sale price of $172,500 - a 36.9% increase over the $126,000 median sale price for the same period of the previous year. There were five homes sold in Hainesville in December 2016.

The median sales tax in Hainesville for 2017 was $5,628.28. In 2016, the median sales tax was $5,457.80. This marks an increase of 3.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.3%.

The following table compares Hainesville 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)
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%
Hainesville8560%$172,500$126,00036.9%
Winthrop Harbor610-40%$171,367$119,494.5043.4%
Gages Lake1214-14.3%$170,000$169,0000.6%
Channel Lake220%$162,500$263,750-38.4%
Mundelein1721-19%$162,000$188,000-13.8%
Round Lake Beach3639-7.7%$144,000$99,50044.7%

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