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Lake County Gazette

Monday, November 25, 2024

Beach Park 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 Beach Park rose by $33,000 while total sales increased by 56.5%, according to BlockShopper.com.

From July through September of 2017, there were 72 homes sold, with a median sale price of $173,000 - a 23.6% increase over the $140,000 median sale price for the same period of the previous year. There were 46 homes sold in Beach Park in the third quarter of 2016.

The median sales tax in Beach Park for 2017 was $5,367.72. In 2016, the median sales tax was $5,174.10. This marks an increase of 3.7%. 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 Beach 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)
Park City52150%$190,000$164,10015.8%
Lakemoor13785.7%$180,000$205,000-12.2%
Harris Corners3250%$180,000$202,317-11%
Mundelein5156-8.9%$176,500$179,000-1.4%
Island Lake1419-26.3%$175,000$189,000-7.4%
Beach Park724656.5%$173,000$140,00023.6%
Lotus Woods41300%$170,500$2,0008425%
Venetian Village191711.8%$169,900$155,0009.6%
Ingleside Shore373215.6%$168,000$124,75034.7%
Winthrop Harbor383315.2%$161,000$145,00011%
Channel Lake910-10%$160,000$85,50087.1%

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