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Lake County Gazette

Wednesday, November 27, 2024

Barrington Hills (Lake County) home prices fall in the second half of 2017

Re 14

The median sale price of a home sold in the second half of 2017 in Barrington Hills in Lake County fell by $78,750 while total sales increased by 33.3%, according to BlockShopper.com.

From July through December of 2017, there were four homes sold, with a median sale price of $446,250 - a 15% decrease over the $525,000 median sale price for the same period of the previous year. There were three homes sold in Barrington Hills in the second 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 4.4%.

The following table compares Barrington Hills 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)
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%
Libertyville220235-6.4%$415,000$376,00010.4%
Tower Lakes141127.3%$405,000$426,000-4.9%
* This story only considers sales data for the part of Barrington Hills that is in Lake County.

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