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Lake County Gazette

Thursday, November 28, 2024

Wadsworth home prices fall in the second half of 2017

Realestate1

The median sale price of a home sold in the second half of 2017 in Wadsworth fell by $10,000 while total sales decreased by 8.3%, according to BlockShopper.com.

From July through December of 2017, there were 33 homes sold, with a median sale price of $300,000 - a 3.2% decrease over the $310,000 median sale price for the same period of the previous year. There were 36 homes sold in Wadsworth in the second half of 2016.

The median sales tax in Wadsworth for 2017 was $8,752. In 2016, the median sales tax was $8,595. This marks an increase of 1.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.9%.

The following table compares Wadsworth 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)
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%
Wadsworth3336-8.3%$300,000$310,000-3.2%
Lake Barrington92911.1%$295,000$269,0009.7%
Port Barrington4333.3%$287,500$255,00012.7%
Grandwood Park473630.6%$277,000$224,55023.4%
Forest Lake1116-31.3%$275,300$315,000-12.6%
Knollwood1315-13.3%$266,000$240,00010.8%

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