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Lake County Gazette

Friday, April 19, 2024

North Chicago home prices fall in October 2018

Realestate1

The median sale price of a home sold in October 2018 in North Chicago fell by $20,000 while total sales increased by 140%, according to BlockShopper.com.

In October 2018, there were 12 homes sold, with a median sale price of $85,000 - a 19% decrease over the $105,000 median sale price for the same period of the previous year. There were five homes sold in North Chicago in October 2017.

The median sales tax in North Chicago for the most recent year with available data, 2017, was $2,173.30, approximately 2.6% of the median home sale price for October 2018.

The following table compares North Chicago to other Lake County cities with similar median sales prices in October 2018:

CityOct. 2018 Home SalesOct. 2017 Home Sales% change (Total Home Sales)Oct. 2018 Median Sales PriceOct. 2017 Median Sales Price% change (Median Sales Price)
Forest Lake21100%$157,500$355,000-55.6%
Channel Lake6450%$151,675$155,000-2.1%
Ingleside Shore715-53.3%$151,500$164,000-7.6%
Round Lake Beach453432.4%$148,000$134,40010.1%
Long Lake103233.3%$147,000$158,000-7%
Waukegan776420.3%$135,900$121,00012.3%
Venetian Village20-$135,500$0-
Lakemoor23-33.3%$133,750$42,000218.5%
Zion33330%$117,000$118,000-0.8%
Round Lake Park10666.7%$115,500$92,75024.5%
North Chicago125140%$85,000$105,000-19%

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