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Lake County Gazette

Wednesday, November 27, 2024

Lakemoor (Lake County) home prices fall in 2017

Realestate1

The median sale price of a home sold in 2017 in Lakemoor in Lake County fell by $19,544 while total sales increased by 75.9%, according to BlockShopper.com.

From January through December of 2017, there were 51 homes sold, with a median sale price of $169,900 - a 10.3% decrease over the $189,444 median sale price for the previous year. There were 29 homes sold in Lakemoor in 2016.

The median sales tax in Lakemoor for 2017 was $6,860. In 2016, the median sales tax was $6,558. This marks an increase of 4.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 4%.

The following table compares Lakemoor 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)
Round Lake2682545.5%$190,000$169,00012.4%
Mylith Park6450%$188,050$129,50045.2%
Island Lake554619.6%$183,000$183,500-0.3%
Mundelein1941789%$177,700$169,0005.1%
Fox Lake1441421.4%$170,000$154,50010%
Lakemoor512975.9%$169,900$189,444-10.3%
Ingleside Shore106988.2%$164,450$139,00018.3%
Beach Park22016533.3%$160,750$144,00011.6%
Park City131030%$160,000$129,70023.4%
Fox Lake Hills615022%$158,000$165,500-4.5%
Venetian Village533935.9%$155,000$135,00014.8%
* This story only considers sales data for the part of Lakemoor that is in Lake County.

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