Quantcast

Lake County Gazette

Thursday, November 28, 2024

Round Lake Beach home prices rise in the second half of 2017

Re 6

The median sale price of a home sold in the second half of 2017 in Round Lake Beach rose by $14,500 while total sales increased by 5.7%, according to BlockShopper.com.

From July through December of 2017, there were 243 homes sold, with a median sale price of $135,000 - a 12% increase over the $120,500 median sale price for the same period of the previous year. There were 230 homes sold in Round Lake Beach in the second half of 2016.

The median sales tax in Round Lake Beach for 2017 was $4,073. In 2016, the median sales tax was $3,898. This marks an increase of 4.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3%.

The following table compares Round Lake Beach 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)
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%
Winthrop Harbor6162-1.6%$146,000$157,802.50-7.5%
Round Lake Heights201625%$140,750$114,50022.9%
Round Lake Beach2432305.7%$135,000$120,50012%
Waukegan387418-7.4%$127,800$115,00011.1%
Long Lake34319.7%$122,500$120,0002.1%
Zion20718412.5%$114,250$90,00026.9%
Round Lake Park3946-15.2%$100,000$87,91313.7%
North Chicago726118%$84,500$65,00030%

MORE NEWS