Quantcast

Lake County Gazette

Monday, November 25, 2024

Vernon Hills home prices fall in the second quarter of 2019

Re 14

The median sale price of a home sold in the second quarter of 2019 in Vernon Hills fell by $8,500 while total sales decreased by 22.6%, according to BlockShopper.com.

From April through June of 2019, there were 120 homes sold, with a median sale price of $321,500 - a 2.6% decrease over the $330,000 median sale price for the same period of the previous year. There were 155 homes sold in Vernon Hills in the second quarter of 2018.

The median sales tax in Vernon Hills for the most recent year with available data, 2017, was $8,241, approximately 2.6% of the median home sale price for the second quarter of 2019.

The following table compares Vernon Hills 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)
Barrington3541-14.6%$370,000$470,000-21.3%
Lake Barrington3758-36.2%$357,500$312,45014.4%
Lake Zurich1091009%$336,000$336,500-0.1%
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%

MORE NEWS