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Lake County Gazette

Friday, April 26, 2024

Barrington Hills (Lake County) home prices rise in the first half of 2017

Realestate2

The median sale price of a home sold in the first half of 2017 in Barrington Hills in Lake County rose by $202,500 while total sales increased by 133.3%, according to BlockShopper.com.

From January through June of 2017, there were seven homes sold, with a median sale price of $837,500 - a 31.9% increase over the $635,000 median sale price for the same period of the previous year. There were three homes sold in Barrington Hills in the first half of 2016.

The median sales tax in Barrington Hills for 2017 was $19,745. In 2016, the median sales tax was $19,579. This marks an increase of 0.8%. 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 Barrington Hills to other Lake County cities with similar median sales prices in the first half of 2017:

CityJan. - June 2017 Home SalesJan. - June 2016 Home Sales% change (Total Home Sales)Jan. - June 2017 Median Sales PriceJan. - June 2016 Median Sales Price% change (Median Sales Price)
Barrington Hills73133.3%$837,500$635,00031.9%
Lake Forest1321237.3%$829,825$735,00012.9%
Bannockburn3250%$725,000$1,400,000-48.2%
Riverwoods352825%$637,500$620,0002.8%
Long Grove674645.7%$590,000$592,500-0.4%
Kildeer393125.8%$560,000$600,000-6.7%
Green Oaks27263.8%$550,000$495,731.2510.9%
North Barrington353112.9%$550,000$650,000-15.4%
Lake Bluff776126.2%$516,000$597,500-13.6%
Mettawa73133.3%$500,000$581,680-14%
Hawthorn Woods867121.1%$499,678$521,136-4.1%
* This story only considers sales data for the part of Barrington Hills that is in Lake County.

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