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Lake County Gazette

Wednesday, November 27, 2024

Fox Lake (Lake County) 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 Fox Lake in Lake County fell by $3,850 while total sales decreased by 21.8%, according to BlockShopper.com.

From July through December of 2017, there were 68 homes sold, with a median sale price of $163,750 - a 2.3% decrease over the $167,600 median sale price for the same period of the previous year. There were 87 homes sold in Fox Lake in the second half of 2016.

The median sales tax in Fox Lake for 2017 was $4,490. In 2016, the median sales tax was $4,565. This marks an decrease of 1.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.7%.

The following table compares Fox Lake 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)
Lakemoor2512108.3%$175,860$195,200-9.9%
Lotus Woods4333.3%$170,500$46,800264.3%
Mundelein96103-6.8%$168,650$180,000-6.3%
Ingleside Shore685036%$166,550$131,00027.1%
Venetian Village272128.6%$165,900$154,0007.7%
Fox Lake6887-21.8%$163,750$167,600-2.3%
Beach Park1199328%$162,000$143,00013.3%
Channel Lake18175.9%$160,000$96,00066.7%
Lake Catherine16977.8%$157,000$110,00042.7%
Hainesville544325.6%$156,700$126,00024.4%
Fox Lake Hills292326.1%$150,000$193,000-22.3%
* This story only considers sales data for the part of Fox Lake that is in Lake County.

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