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Lake County Gazette

Thursday, November 28, 2024

Deerfield (Lake County) home prices rise in 2017

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The median sale price of a home sold in 2017 in Deerfield in Lake County rose by $17,500 while total sales decreased by 3%, according to BlockShopper.com.

From January through December of 2017, there were 350 homes sold, with a median sale price of $417,500 - a 4.4% increase over the $400,000 median sale price for the previous year. There were 361 homes sold in Deerfield in 2016.

The median sales tax in Deerfield for 2017 was $11,743. In 2016, the median sales tax was $11,436. This marks an increase of 2.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.8%.

The following table compares Deerfield 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)
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%
Barrington141147-4.1%$420,000$426,000-1.4%
Deerfield350361-3%$417,500$400,0004.4%
Cary19190%$413,500$285,00045.1%
Libertyville4484411.6%$389,400$370,0005.2%
Klondike34-25%$375,000$198,50088.9%
Indian Creek13862.5%$372,500$387,500-3.9%
Highwood2735-22.9%$372,000$299,00024.4%
* This story only considers sales data for the part of Deerfield that is in Lake County.

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