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Lake County Gazette

Wednesday, November 27, 2024

Winthrop Harbor 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 Winthrop Harbor fell by $48,900 while total sales decreased by 20.7%, according to BlockShopper.com.

From October through December of 2017, there were 23 homes sold, with a median sale price of $121,000 - a 28.8% decrease over the $169,900 median sale price for the same period of the previous year. There were 29 homes sold in Winthrop Harbor in the fourth quarter of 2016.

The median sales tax in Winthrop Harbor for 2017 was $5,748.05. In 2016, the median sales tax was $5,548.40. This marks an increase of 3.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 4.8%.

The following table compares Winthrop Harbor 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)
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%
Zion9097-7.2%$108,000$98,00010.2%
North Chicago372360.9%$92,600$60,20053.8%
Round Lake Park1823-21.7%$91,950$88,7253.6%

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