From January through December of 2017, there were 298 homes sold, with a median sale price of $319,500 - a 1.4% increase over the $315,000 median sale price for the previous year. There were 331 homes sold in Lake Zurich in 2016.
The median sales tax in Lake Zurich for 2017 was $7,406. In 2016, the median sales tax was $7,247. This marks an increase of 2.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.3%.
The following table compares Lake Zurich to other Lake County cities with similar median sales prices in 2017:
| City | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Libertyville | 448 | 441 | 1.6% | $389,400 | $370,000 | 5.2% |
| Klondike | 3 | 4 | -25% | $375,000 | $198,500 | 88.9% |
| Indian Creek | 13 | 8 | 62.5% | $372,500 | $387,500 | -3.9% |
| Highwood | 27 | 35 | -22.9% | $372,000 | $299,000 | 24.4% |
| Buffalo Grove | 513 | 535 | -4.1% | $340,000 | $341,000 | -0.3% |
| Lake Zurich | 298 | 331 | -10% | $319,500 | $315,000 | 1.4% |
| Lake Barrington | 168 | 162 | 3.7% | $315,000 | $270,000 | 16.7% |
| Horatio Gardens | 21 | 12 | 75% | $310,000 | $278,250 | 11.4% |
| Harris Corners | 8 | 7 | 14.3% | $307,000 | $202,317 | 51.7% |
| Vernon Hills | 536 | 494 | 8.5% | $305,500 | $310,000 | -1.5% |
| Knollwood | 23 | 29 | -20.7% | $305,000 | $248,000 | 23% |
Alerts Sign-up