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Lake County Gazette

Thursday, April 25, 2024

Round Lake Beach home prices rise in the second quarter of 2017

Realestate3

The median sale price of a home sold in the second quarter of 2017 in Round Lake Beach rose by $19,475 while total sales increased by 10.2%, according to BlockShopper.com.

From April through June of 2017, there were 130 homes sold, with a median sale price of $133,250 - a 17.1% increase over the $113,775 median sale price for the same period of the previous year. There were 118 homes sold in Round Lake Beach in the second quarter of 2016.

The median sales tax in Round Lake Beach for 2017 was $4,073.08. In 2016, the median sales tax was $3,897.80. This marks an increase of 4.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.1%.

The following table compares Round Lake Beach to other Lake County cities with similar median sales prices in the second quarter of 2017:

CityApr. - June 2017 Home SalesApr. - June 2016 Home Sales% change (Total Home Sales)Apr. - June 2017 Median Sales PriceApr. - June 2016 Median Sales Price% change (Median Sales Price)
Ingleside Shore2031-35.5%$153,500$170,000-9.7%
Long Lake1819-5.3%$152,000$110,00038.2%
Park City25-60%$145,350$132,00010.1%
Venetian Village181250%$143,300$132,5008.2%
Round Lake Park1417-17.6%$139,750$104,00034.4%
Round Lake Beach13011810.2%$133,250$113,77517.1%
Waukegan1941930.5%$121,500$105,95014.7%
Round Lake Heights13862.5%$117,900$145,525-19%
Channel Lake155200%$116,000$102,00013.7%
Zion978218.3%$108,500$86,462.5025.5%
Lotus Woods110%$96,000$51,20087.5%

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