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Lake County Gazette

Monday, November 25, 2024

Cary (Lake County) home prices fall in the second quarter of 2019

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The median sale price of a home sold in the second quarter of 2019 in Cary in Lake County fell by $55,000 while total sales increased by 100%, according to BlockShopper.com.

From April through June of 2019, there were eight homes sold, with a median sale price of $305,000 - a 15.3% decrease over the $360,000 median sale price for the same period of the previous year. There were four homes sold in Cary in the second quarter of 2018.

The median sales tax in Cary for the most recent year with available data, 2017, was $6,743, approximately 2.2% of the median home sale price for the second quarter of 2019.

The following table compares Cary 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)
Buffalo Grove148160-7.5%$326,844$359,500-9.1%
Knollwood68-25%$322,500$320,0000.8%
Vernon Hills120155-22.6%$321,500$330,000-2.6%
Horatio Gardens8633.3%$317,500$227,50039.6%
Fox River Grove12-50%$315,000$505,000-37.6%
Cary84100%$305,000$360,000-15.3%
Port Barrington3250%$295,000$339,250-13%
Wadsworth241560%$292,450$349,900-16.4%
Harris Corners21100%$292,000$355,000-17.7%
Highwood78-12.5%$290,000$411,000-29.4%
Gurnee1611544.5%$245,000$234,2004.6%
* This story only considers sales data for the part of Cary that is in Lake County.

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