From January through December of 2017, there were 194 homes sold, with a median sale price of $198,200 - a 12.9% increase over the $175,500 median sale price for the previous year. There were 174 homes sold in Gages Lake in 2016.
The median sales tax in Gages Lake for 2017 was $5,193. In 2016, the median sales tax was $5,144. This marks an increase of 1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.6%.
The following table compares Gages 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) |
|---|---|---|---|---|---|---|
| Lake Villa | 218 | 189 | 15.3% | $229,000 | $223,000 | 2.7% |
| Grandwood Park | 94 | 80 | 17.5% | $216,262.50 | $224,550 | -3.7% |
| Wauconda | 203 | 172 | 18% | $212,000 | $190,250 | 11.4% |
| Antioch | 366 | 310 | 18.1% | $210,000 | $205,000 | 2.4% |
| Grayslake | 466 | 474 | -1.7% | $205,000 | $169,500 | 20.9% |
| Gages Lake | 194 | 174 | 11.5% | $198,200 | $175,500 | 12.9% |
| Lindenhurst | 302 | 256 | 18% | $193,150 | $195,500 | -1.2% |
| Round Lake | 268 | 254 | 5.5% | $190,000 | $169,000 | 12.4% |
| Mylith Park | 6 | 4 | 50% | $188,050 | $129,500 | 45.2% |
| Island Lake | 55 | 46 | 19.6% | $183,000 | $183,500 | -0.3% |
| Mundelein | 194 | 178 | 9% | $177,700 | $169,000 | 5.1% |
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