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Lake County Gazette

Monday, November 25, 2024

Mettawa home prices rise in the third quarter of 2017

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The median sale price of a home sold in the third quarter of 2017 in Mettawa rose by $17,500 while total sales decreased by 33.3%, according to BlockShopper.com.

From July through September of 2017, there were two homes sold, with a median sale price of $562,500 - a 3.2% increase over the $545,000 median sale price for the same period of the previous year. There were three homes sold in Mettawa in the third quarter of 2016.

The median sales tax in Mettawa for 2017 was $13,660.73. In 2016, the median sales tax was $13,338.10. This marks an increase of 2.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.4%.

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

CityJuly - Sept. 2017 Home SalesJuly - Sept. 2016 Home Sales% change (Total Home Sales)July - Sept. 2017 Median Sales PriceJuly - Sept. 2016 Median Sales Price% change (Median Sales Price)
Riverwoods1924-20.8%$655,000$590,25011%
Long Grove3740-7.5%$630,000$617,5002%
Kildeer2327-14.8%$610,000$625,000-2.4%
Bannockburn35-40%$600,000$762,500-21.3%
Lake Bluff41387.9%$569,000$482,50017.9%
Mettawa23-33.3%$562,500$545,0003.2%
North Barrington201811.1%$545,000$500,0009%
Deer Park231464.3%$542,450$435,00024.7%
Fox River Grove41300%$532,500$525,0001.4%
Highland Park13411912.6%$522,500$537,500-2.8%
Green Oaks12120%$517,500$572,500-9.6%

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