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Lake County Gazette

Monday, November 25, 2024

Grandwood Park home prices fall in the second quarter of 2019

Realestate2

The median sale price of a home sold in the second quarter of 2019 in Grandwood Park fell by $31,500 while total sales decreased by 39.5%, according to BlockShopper.com.

From April through June of 2019, there were 26 homes sold, with a median sale price of $232,500 - a 11.9% decrease over the $264,000 median sale price for the same period of the previous year. There were 43 homes sold in Grandwood Park in the second quarter of 2018.

The median sales tax in Grandwood Park for the most recent year with available data, 2017, was $6,661, approximately 2.9% of the median home sale price for the second quarter of 2019.

The following table compares Grandwood Park to other Lake County cities with similar median sales prices in the second quarter of 2019:

CityApr. - June 2019 Home SalesApr. - June 2018 Home Sales% change (Total Home Sales)Apr. - June 2019 Median Sales PriceApr. - June 2018 Median Sales Price% change (Median Sales Price)
Third Lake57-28.6%$238,500$285,500-16.5%
Forest Lake13944.4%$238,000$248,000-4%
Wauconda59565.4%$237,500$242,000-1.9%
Antioch113133-15%$237,000$225,0005.3%
Volo13944.4%$235,000$245,000-4.1%
Grandwood Park2643-39.5%$232,500$264,000-11.9%
Grayslake1541419.2%$215,250$225,000-4.3%
Gages Lake564524.4%$211,750$197,0007.5%
Round Lake84840%$209,500$199,0005.3%
Island Lake1521-28.6%$205,000$194,0005.7%
Lindenhurst84100-16%$202,750$210,000-3.5%

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