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Lake County Gazette

Wednesday, November 27, 2024

North Barrington home prices fall in 2017

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The median sale price of a home sold in 2017 in North Barrington fell by $18,000 while total sales increased by 11.5%, according to BlockShopper.com.

From January through December of 2017, there were 68 homes sold, with a median sale price of $549,500 - a 3.2% decrease over the $567,500 median sale price for the previous year. There were 61 homes sold in North Barrington in 2016.

The median sales tax in North Barrington for 2017 was $14,283. In 2016, the median sales tax was $14,345. This marks an decrease of 0.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.6%.

The following table compares North Barrington to other Lake County cities with similar median sales prices in 2017:

CityJan. - Dec. 2017 Home SalesJan. - Dec. 2016 Home Sales% change (Total Home Sales)Jan. - Dec. 2017 Median Sales PriceJan. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Bannockburn910-10%$620,000$790,000-21.5%
Long Grove13310625.5%$605,000$592,5002.1%
Kildeer73721.4%$600,000$606,500-1.1%
Lake Bluff14112314.6%$565,000$537,5005.1%
Barrington Hills11683.3%$550,000$607,500-9.5%
North Barrington686111.5%$549,500$567,500-3.2%
Green Oaks51494.1%$542,000$545,000-0.6%
Fox River Grove612-50%$520,000$456,25014%
Mettawa13785.7%$500,000$580,000-13.8%
Hawthorn Woods1571514%$499,356$500,000-0.1%
Highland Park48441616.3%$497,500$523,500-5%

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