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Lake County Gazette

Thursday, November 28, 2024

Deer Park (Lake County) home prices rise in the second half of 2017

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The median sale price of a home sold in the second half of 2017 in Deer Park in Lake County rose by $56,000 while total sales increased by 58.3%, according to BlockShopper.com.

From July through December of 2017, there were 38 homes sold, with a median sale price of $483,500 - a 13.1% increase over the $427,500 median sale price for the same period of the previous year. There were 24 homes sold in Deer Park in the second half of 2016.

The median sales tax in Deer Park for 2017 was $11,164. In 2016, the median sales tax was $11,210. 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 2.3%.

The following table compares Deer Park to other Lake County cities with similar median sales prices in the second half of 2017:

CityJuly - Dec. 2017 Home SalesJuly - Dec. 2016 Home Sales% change (Total Home Sales)July - Dec. 2017 Median Sales PriceJuly - Dec. 2016 Median Sales Price% change (Median Sales Price)
Fox River Grove45-20%$532,500$483,00010.2%
North Barrington333010%$530,000$547,500-3.2%
Highland Park25021217.9%$501,250$531,250-5.6%
Hawthorn Woods7180-11.3%$497,183$490,0001.5%
Lincolnshire7578-3.8%$485,000$487,375-0.5%
Deer Park382458.3%$483,500$427,50013.1%
Green Oaks24234.3%$472,500$555,000-14.9%
Barrington Hills4333.3%$446,250$525,000-15%
Cary13944.4%$444,000$217,000104.6%
Mettawa6450%$442,500$547,500-19.2%
Barrington78780%$430,500$457,500-5.9%
* This story only considers sales data for the part of Deer Park that is in Lake County.

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