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Lake County Gazette

Wednesday, November 27, 2024

Lakemoor (Lake County) home prices fall in December 2017

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The median sale price of a home sold in December 2017 in Lakemoor in Lake County fell by $99,944 while total sales decreased by 33.3%, according to BlockShopper.com.

In December 2017, there were two homes sold, with a median sale price of $89,500 - a 52.8% decrease over the $189,444 median sale price for the same period of the previous year. There were three homes sold in Lakemoor in December 2016.

The median sales tax in Lakemoor for 2017 was $6,859.89. In 2016, the median sales tax was $6,558. This marks an increase of 4.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 7.7%.

The following table compares Lakemoor 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 Lake Hills440%$132,500$148,000-10.5%
Beach Park923-60.9%$132,500$140,000-5.4%
Waukegan6265-4.6%$125,000$109,90013.7%
Park City20-$118,000$0-
Zion2937-21.6%$116,000$115,0000.9%
Venetian Village51400%$115,000$134,000-14.2%
Echo Lake10-$102,000$0-
North Chicago156150%$95,000$90,0005.6%
Round Lake Park67-14.3%$92,750$115,000-19.3%
Lakemoor23-33.3%$89,500$189,444-52.8%
Long Lake73133.3%$80,000$125,000-36%
* This story only considers sales data for the part of Lakemoor that is in Lake County.

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