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Lake County Gazette

Wednesday, November 27, 2024

Mylith Park home prices rise in the second half of 2017

Realestate5

The median sale price of a home sold in the second half of 2017 in Mylith Park rose by $75,600 while total sales increased by 66.7%, according to BlockShopper.com.

From July through December of 2017, there were five homes sold, with a median sale price of $214,600 - a 54.4% increase over the $139,000 median sale price for the same period of the previous year. There were three homes sold in Mylith Park in the second half of 2016.

The median sales tax in Mylith Park for 2017 was $2,701. In 2016, the median sales tax was $2,571. This marks an increase of 5.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.3%.

The following table compares Mylith 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)
Volo1721-19%$236,900$255,000-7.1%
Echo Lake7616.7%$231,000$187,25023.4%
Lake Villa1209033.3%$226,750$231,250-1.9%
Wauconda1078624.4%$220,000$199,75010.1%
Antioch21817326%$215,950$200,0008%
Mylith Park5366.7%$214,600$139,00054.4%
Grayslake2442430.4%$202,794$168,00020.7%
Round Lake140145-3.4%$200,000$164,00022%
Gages Lake1108627.9%$193,750$185,0004.7%
Lindenhurst16212529.6%$192,450$200,000-3.8%
Park City92350%$190,000$164,10015.8%

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