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Lake County Gazette

Sunday, November 24, 2024

Lindenhurst home prices rise in the first quarter of 2017

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The median sale price of a home sold in the first quarter of 2017 in Lindenhurst rose by $32,500 while total sales decreased by 8.3%, according to BlockShopper.com.

From January through March of 2017, there were 44 homes sold, with a median sale price of $211,000 - a 18.2% increase over the $178,500 median sale price for the same period of the previous year. There were 48 homes sold in Lindenhurst in the first quarter of 2016.

The median sales tax in Lindenhurst for 2017 was $7,173.54. In 2016, the median sales tax was $7,202.30. This marks an decrease of 0.4%. 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 Lindenhurst to other Lake County cities with similar median sales prices in the first quarter of 2017:

CityJan. - Mar. 2017 Home SalesJan. - Mar. 2016 Home Sales% change (Total Home Sales)Jan. - Mar. 2017 Median Sales PriceJan. - Mar. 2016 Median Sales Price% change (Median Sales Price)
Wadsworth1012-16.7%$253,500$297,500-14.8%
Echo Lake30-$225,000$0-
Lake Villa36352.9%$222,450$200,00011.2%
Third Lake42100%$219,000$410,000-46.6%
Volo410-60%$211,500$199,0006.3%
Lindenhurst4448-8.3%$211,000$178,50018.2%
Grayslake76106-28.3%$205,000$141,00045.4%
Gurnee1058326.5%$200,000$185,0008.1%
Wauconda2940-27.5%$195,000$188,7503.3%
Horatio Gardens4333.3%$192,000$285,000-32.6%
Round Lake Heights990%$192,000$137,50039.6%

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