From July through September of 2017, there were nine homes sold, with a median sale price of $160,000 - a 87.1% increase over the $85,500 median sale price for the same period of the previous year. There were 10 homes sold in Channel Lake in the third quarter of 2016.
The median sales tax in Channel Lake for 2017 was $3,904.41. In 2016, the median sales tax was $3,804.60. This marks an increase of 2.6%. 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 Channel Lake to other Lake County cities with similar median sales prices in the third quarter of 2017:
| City | July - Sept. 2017 Home Sales | July - Sept. 2016 Home Sales | % change (Total Home Sales) | July - Sept. 2017 Median Sales Price | July - Sept. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Beach Park | 72 | 46 | 56.5% | $173,000 | $140,000 | 23.6% |
| Lotus Woods | 4 | 1 | 300% | $170,500 | $2,000 | 8425% |
| Venetian Village | 19 | 17 | 11.8% | $169,900 | $155,000 | 9.6% |
| Ingleside Shore | 37 | 32 | 15.6% | $168,000 | $124,750 | 34.7% |
| Winthrop Harbor | 38 | 33 | 15.2% | $161,000 | $145,000 | 11% |
| Channel Lake | 9 | 10 | -10% | $160,000 | $85,500 | 87.1% |
| Fox Lake Hills | 20 | 9 | 122.2% | $157,750 | $224,900 | -29.9% |
| Hainesville | 31 | 25 | 24% | $157,500 | $145,500 | 8.2% |
| Fox Lake | 34 | 45 | -24.4% | $155,425.50 | $170,000 | -8.6% |
| Round Lake Heights | 13 | 9 | 44.4% | $137,000 | $115,000 | 19.1% |
| Long Lake | 19 | 19 | 0% | $135,000 | $116,000 | 16.4% |
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