From January through December of 2017, there were 67 homes sold, with a median sale price of $130,000 - a 12% increase over the $116,101 median sale price for the previous year. There were 60 homes sold in Long Lake in 2016.
The median sales tax in Long Lake for 2017 was $2,990. In 2016, the median sales tax was $3,027. This marks an decrease of 1.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.3%.
The following table compares Long 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) |
|---|---|---|---|---|---|---|
| Winthrop Harbor | 119 | 103 | 15.5% | $153,000 | $145,000 | 5.5% |
| Hainesville | 90 | 70 | 28.6% | $151,000 | $130,000 | 16.2% |
| Round Lake Heights | 42 | 33 | 27.3% | $150,502 | $118,050 | 27.5% |
| Lake Catherine | 30 | 17 | 76.5% | $146,000 | $110,000 | 32.7% |
| Channel Lake | 38 | 27 | 40.7% | $133,250 | $100,000 | 33.3% |
| Long Lake | 67 | 60 | 11.7% | $130,000 | $116,100.50 | 12% |
| Round Lake Beach | 448 | 431 | 3.9% | $130,000 | $115,000 | 13% |
| Waukegan | 748 | 758 | -1.3% | $125,000 | $109,500 | 14.2% |
| Zion | 374 | 318 | 17.6% | $103,000 | $88,750 | 16.1% |
| Lotus Woods | 9 | 6 | 50% | $100,000 | $58,144.50 | 72% |
| Round Lake Park | 73 | 86 | -15.1% | $100,000 | $77,500 | 29% |
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