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Lake County Gazette

Thursday, November 28, 2024

Mettawa home prices fall in 2017

Re 3

The median sale price of a home sold in 2017 in Mettawa fell by $80,000 while total sales increased by 85.7%, according to BlockShopper.com.

From January through December of 2017, there were 13 homes sold, with a median sale price of $500,000 - a 13.8% decrease over the $580,000 median sale price for the previous year. There were seven homes sold in Mettawa in 2016.

The median sales tax in Mettawa for 2017 was $13,661. In 2016, the median sales tax was $13,338. This marks an increase of 2.4%. 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 Mettawa 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)
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%
Deer Park713697.2%$480,000$455,0005.5%
Lincolnshire16012033.3%$441,250$474,000-6.9%
Tower Lakes231921.1%$427,000$426,0000.2%

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