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Lake County Gazette

Monday, November 25, 2024

Deer Park (Lake County) home prices rise in the third quarter of 2017

Re 13

The median sale price of a home sold in the third quarter of 2017 in Deer Park in Lake County rose by $107,450 while total sales increased by 64.3%, according to BlockShopper.com.

From July through September of 2017, there were 23 homes sold, with a median sale price of $542,450 - a 24.7% increase over the $435,000 median sale price for the same period of the previous year. There were 14 homes sold in Deer Park in the third quarter of 2016.

The median sales tax in Deer Park for 2017 was $11,163.69. In 2016, the median sales tax was $11,210.10. 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 2.1%.

The following table compares Deer Park 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)
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%
Hawthorn Woods3255-41.8%$504,097$485,0003.9%
Barrington3748-22.9%$490,000$457,5007.1%
* This story only considers sales data for the part of Deer Park that is in Lake County.

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