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Lake County Gazette

Wednesday, November 27, 2024

Indian Creek home prices fall 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 Indian Creek fell by $15,000 while total sales increased by 175%, according to BlockShopper.com.

From July through December of 2017, there were 11 homes sold, with a median sale price of $372,500 - a 3.9% decrease over the $387,500 median sale price for the same period of the previous year. There were four homes sold in Indian Creek in the second half of 2016.

The median sales tax in Indian Creek for 2017 was $10,321. In 2016, the median sales tax was $10,076. This marks an increase of 2.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.8%.

The following table compares Indian Creek 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)
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%
Klondike31200%$375,000$172,000118%
Indian Creek114175%$372,500$387,500-3.9%
Buffalo Grove267285-6.3%$350,000$350,0000%
Horatio Gardens133333.3%$330,000$590,000-44.1%
Vernon Hills256278-7.9%$320,000$294,0008.8%
Highwood1722-22.7%$318,000$299,5006.2%
Lake Zurich152167-9%$316,450$310,0002.1%

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