From January through December of 2017, there were 23 homes sold, with a median sale price of $305,000 - a 23% increase over the $248,000 median sale price for the previous year. There were 29 homes sold in Knollwood in 2016.
The median sales tax in Knollwood for 2017 was $5,830. In 2016, the median sales tax was $5,609. This marks an increase of 3.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.9%.
The following table compares Knollwood 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) |
|---|---|---|---|---|---|---|
| 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% |
| Port Barrington | 4 | 14 | -71.4% | $287,500 | $266,500 | 7.9% |
| Forest Lake | 27 | 32 | -15.6% | $280,000 | $256,000 | 9.4% |
| Wadsworth | 62 | 62 | 0% | $277,500 | $297,500 | -6.7% |
| Third Lake | 23 | 23 | 0% | $252,900 | $224,000 | 12.9% |
| Volo | 40 | 40 | 0% | $235,000 | $255,000 | -7.8% |
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