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Lake County Gazette

Wednesday, November 27, 2024

Wadsworth home prices fall in 2017

Re 9

The median sale price of a home sold in 2017 in Wadsworth fell by $20,000 while total sales remained unchanged with 62 homes sold, according to BlockShopper.com.

From January through December of 2017, there were 62 homes sold, with a median sale price of $277,500 - a 6.7% decrease over the $297,500 median sale price for the previous year. There were 62 homes sold in Wadsworth in 2016, as well.

The median sales tax in Wadsworth for 2017 was $8,752. In 2016, the median sales tax was $8,595. This marks an increase of 1.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.2%.

The following table compares Wadsworth 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)
Harris Corners8714.3%$307,000$202,31751.7%
Vernon Hills5364948.5%$305,500$310,000-1.5%
Knollwood2329-20.7%$305,000$248,00023%
Port Barrington414-71.4%$287,500$266,5007.9%
Forest Lake2732-15.6%$280,000$256,0009.4%
Wadsworth62620%$277,500$297,500-6.7%
Third Lake23230%$252,900$224,00012.9%
Volo40400%$235,000$255,000-7.8%
Gurnee5825339.2%$234,994.50$215,0009.3%
Echo Lake10911.1%$229,500$194,50018%
Lake Villa21818915.3%$229,000$223,0002.7%

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