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Lake County Gazette

Friday, April 26, 2024

Gurnee home prices rise in the first half of 2018

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The median sale price of a home sold in the first half of 2018 in Gurnee rose by $12,950 while total sales decreased by 11.2%, according to BlockShopper.com.

From January through June of 2018, there were 254 homes sold, with a median sale price of $234,450 - a 5.8% increase over the $221,500 median sale price for the same period of the previous year. There were 286 homes sold in Gurnee in the first half of 2017.

The median sales tax in Gurnee for the most recent year with available data, 2017, was $6,713, approximately 2.9% of the median home sale price for the first half of 2018.

The following table compares Gurnee to other Lake County cities with similar median sales prices in the first half of 2018:

CityJan. - June 2018 Home SalesJan. - June 2017 Home Sales% change (Total Home Sales)Jan. - June 2018 Median Sales PriceJan. - June 2017 Median Sales Price% change (Median Sales Price)
Port Barrington40-$260,750$0-
Grandwood Park604727.7%$255,000$180,00041.7%
Cary56-16.7%$246,500$374,750-34.2%
Volo1423-39.1%$245,500$224,6709.3%
Forest Lake1316-18.8%$245,000$284,500-13.9%
Gurnee254286-11.2%$234,450$221,5005.8%
Lake Villa9098-8.2%$221,750$232,500-4.6%
Wauconda9196-5.2%$220,000$208,0005.8%
Antioch20314837.2%$220,000$190,50015.5%
Grayslake220222-0.9%$209,500$209,0000.2%
Lindenhurst1521408.6%$201,000$197,5001.8%

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