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Lake County Gazette

Wednesday, November 27, 2024

Klondike home prices rise in 2017

Realestate2

The median sale price of a home sold in 2017 in Klondike rose by $176,500 while total sales decreased by 25%, according to BlockShopper.com.

From January through December of 2017, there were three homes sold, with a median sale price of $375,000 - a 88.9% increase over the $198,500 median sale price for the previous year. There were four homes sold in Klondike in 2016.

The median sales tax in Klondike for 2017 was $4,105. In 2016, the median sales tax was $4,051. This marks an increase of 1.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.1%.

The following table compares Klondike 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)
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%
Buffalo Grove513535-4.1%$340,000$341,000-0.3%
Lake Zurich298331-10%$319,500$315,0001.4%
Lake Barrington1681623.7%$315,000$270,00016.7%

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