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Lake County Gazette

Thursday, November 28, 2024

Fox Lake Hills home prices fall in the fourth quarter of 2017

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The median sale price of a home sold in the fourth quarter of 2017 in Fox Lake Hills fell by $37,500 while total sales decreased by 35.7%, according to BlockShopper.com.

From October through December of 2017, there were nine homes sold, with a median sale price of $140,000 - a 21.1% decrease over the $177,500 median sale price for the same period of the previous year. There were 14 homes sold in Fox Lake Hills in the fourth quarter of 2016.

The median sales tax in Fox Lake Hills for 2017 was $3,993.13. In 2016, the median sales tax was $4,650.90. This marks an decrease of 14.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.9%.

The following table compares Fox Lake Hills 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)
Round Lake Heights770%$162,500$103,00057.8%
Mylith Park31200%$161,500$170,000-5%
Channel Lake9728.6%$160,000$114,90039.3%
Hainesville231827.8%$155,900$122,45027.3%
Beach Park47470%$149,900$144,0004.1%
Fox Lake Hills914-35.7%$140,000$177,500-21.1%
Round Lake Beach102110-7.3%$139,450$115,50020.7%
Waukegan188190-1.1%$123,000$109,95011.9%
Winthrop Harbor2329-20.7%$121,000$169,900-28.8%
Venetian Village84100%$120,000$136,250-11.9%
Lakemoor125140%$115,500$193,000-40.2%

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