From April through June of 2017, there were seven homes sold, with a median sale price of $305,000 - a 3.2% decrease over the $315,000 median sale price for the same period of the previous year. There were nine homes sold in Knollwood in the second quarter of 2016.
The median sales tax in Knollwood for 2017 was $5,830.31. In 2016, the median sales tax was $5,609.10. This marks an increase of 3.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.9%.
The following table compares Knollwood to other Lake County cities with similar median sales prices in the second quarter of 2017:
| City | Apr. - June 2017 Home Sales | Apr. - June 2016 Home Sales | % change (Total Home Sales) | Apr. - June 2017 Median Sales Price | Apr. - June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lake Barrington | 52 | 49 | 6.1% | $339,250 | $250,000 | 35.7% |
| Lake Zurich | 98 | 105 | -6.7% | $328,750 | $320,000 | 2.7% |
| Buffalo Grove | 163 | 162 | 0.6% | $327,000 | $343,750 | -4.9% |
| Harris Corners | 4 | 3 | 33.3% | $312,500 | $305,000 | 2.5% |
| Vernon Hills | 183 | 142 | 28.9% | $310,000 | $335,000 | -7.5% |
| Knollwood | 7 | 9 | -22.2% | $305,000 | $315,000 | -3.2% |
| Wadsworth | 19 | 14 | 35.7% | $277,000 | $284,950 | -2.8% |
| Horatio Gardens | 4 | 6 | -33.3% | $270,000 | $238,355.50 | 13.3% |
| Third Lake | 10 | 10 | 0% | $263,950 | $196,750 | 34.2% |
| Forest Lake | 7 | 11 | -36.4% | $255,000 | $232,000 | 9.9% |
| Lake Villa | 62 | 64 | -3.1% | $238,250 | $227,000 | 5% |
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