From October through December of 2017, there were 51 homes sold, with a median sale price of $236,000. There were 43 homes sold in Lake Villa in the fourth quarter of 2016, and the median sales price for the period was also $236,000.
The median sales tax in Lake Villa for 2017 was $7,978.89. In 2016, the median sales tax was $8,227.40. This marks an decrease of 3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.4%.
The following table compares Lake Villa to other Lake County cities with similar median sales prices in the fourth quarter of 2017:
| City | Oct. - Dec. 2017 Home Sales | Oct. - Dec. 2016 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2017 Median Sales Price | Oct. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Vernon Hills | 92 | 124 | -25.8% | $282,000 | $268,000 | 5.2% |
| Lake Barrington | 38 | 34 | 11.8% | $282,000 | $287,500 | -1.9% |
| Cary | 4 | 2 | 100% | $270,000 | $526,000 | -48.7% |
| Knollwood | 7 | 5 | 40% | $265,100 | $125,000 | 112.1% |
| Third Lake | 4 | 3 | 33.3% | $250,000 | $179,000 | 39.7% |
| Lake Villa | 51 | 43 | 18.6% | $236,000 | $236,000 | 0% |
| Volo | 10 | 8 | 25% | $235,950 | $267,250 | -11.7% |
| Gurnee | 120 | 134 | -10.4% | $229,577 | $213,500 | 7.5% |
| Antioch | 101 | 84 | 20.2% | $220,500 | $195,000 | 13.1% |
| Grandwood Park | 20 | 14 | 42.9% | $217,762.50 | $191,500 | 13.7% |
| Grayslake | 92 | 105 | -12.4% | $206,000 | $176,000 | 17% |
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