From January through December of 2017, there were 27 homes sold, with a median sale price of $280,000 - a 9.4% increase over the $256,000 median sale price for the previous year. There were 32 homes sold in Forest Lake in 2016.
The median sales tax in Forest Lake for 2017 was $5,624. In 2016, the median sales tax was $5,581. This marks an increase of 0.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2%.
The following table compares Forest Lake 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) |
|---|---|---|---|---|---|---|
| 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% |
| Gurnee | 582 | 533 | 9.2% | $234,994.50 | $215,000 | 9.3% |
| Echo Lake | 10 | 9 | 11.1% | $229,500 | $194,500 | 18% |
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