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Lake County Gazette

Thursday, November 28, 2024

Lindenhurst home prices rise in the fourth quarter of 2017

Realestate2

The median sale price of a home sold in the fourth quarter of 2017 in Lindenhurst rose by $20,000 while total sales increased by 21.8%, according to BlockShopper.com.

From October through December of 2017, there were 67 homes sold, with a median sale price of $185,000 - a 12.1% increase over the $165,000 median sale price for the same period of the previous year. There were 55 homes sold in Lindenhurst in the fourth quarter of 2016.

The median sales tax in Lindenhurst for 2017 was $7,173.54. In 2016, the median sales tax was $7,202.30. 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 3.9%.

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

CityOct. - Dec. 2017 Home SalesOct. - Dec. 2016 Home Sales% change (Total Home Sales)Oct. - Dec. 2017 Median Sales PriceOct. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Grandwood Park201442.9%$217,762.50$191,50013.7%
Grayslake92105-12.4%$206,000$176,00017%
Round Lake5761-6.6%$204,000$165,00023.6%
Wauconda45434.7%$200,000$173,00015.6%
Gages Lake433043.3%$192,500$177,0008.8%
Lindenhurst675521.8%$185,000$165,00012.1%
Lake Catherine91800%$185,000$110,00068.2%
Island Lake13862.5%$183,000$165,75010.4%
Fox Lake3442-19%$170,000$140,50021%
Echo Lake220%$165,000$402,250-59%
Ingleside Shore311872.2%$165,000$177,500-7%

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