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Lake County Gazette

Wednesday, November 27, 2024

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

Re 12

The median sale price of a home sold in the second half of 2017 in Cary in Lake County rose by $227,000 while total sales increased by 44.4%, according to BlockShopper.com.

From July through December of 2017, there were 13 homes sold, with a median sale price of $444,000 - a 104.6% increase over the $217,000 median sale price for the same period of the previous year. There were nine homes sold in Cary in the second half of 2016.

The median sales tax in Cary for 2017 was $6,743. In 2016, the median sales tax was $6,727. This marks an increase of 0.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.5%.

The following table compares Cary 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)
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%
Deerfield177199-11.1%$397,000$420,000-5.5%
* This story only considers sales data for the part of Cary that is in Lake County.

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