From January through March of 2017, there were 15 homes sold, with a median sale price of $104,000 - a 7.5% decrease over the $112,450 median sale price for the same period of the previous year. There were 10 homes sold in Long Lake in the first quarter of 2016.
The median sales tax in Long Lake for 2017 was $2,989.70. In 2016, the median sales tax was $3,027.40. This marks an decrease of 1.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.9%.
The following table compares Long Lake to other Lake County cities with similar median sales prices in the first quarter of 2017:
| City | Jan. - Mar. 2017 Home Sales | Jan. - Mar. 2016 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2017 Median Sales Price | Jan. - Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Venetian Village | 8 | 6 | 33.3% | $130,750 | $118,550 | 10.3% |
| Hainesville | 10 | 8 | 25% | $125,250 | $141,250 | -11.3% |
| Waukegan | 167 | 147 | 13.6% | $115,000 | $93,888 | 22.5% |
| Channel Lake | 5 | 5 | 0% | $114,900 | $85,000 | 35.2% |
| Round Lake Beach | 75 | 83 | -9.6% | $108,500 | $85,000 | 27.6% |
| Long Lake | 15 | 10 | 50% | $104,000 | $112,450 | -7.5% |
| Lotus Woods | 4 | 2 | 100% | $97,500 | $137,950 | -29.3% |
| Round Lake Park | 20 | 23 | -13% | $87,500 | $62,015 | 41.1% |
| Zion | 70 | 52 | 34.6% | $82,250 | $89,500 | -8.1% |
| Lake Catherine | 5 | 4 | 25% | $69,800 | $186,200 | -62.5% |
| North Chicago | 30 | 25 | 20% | $61,500 | $56,000 | 9.8% |
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