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Lake County Gazette

Monday, November 25, 2024

Knollwood home prices rise in the second quarter of 2019

Re 1

The median sale price of a home sold in the second quarter of 2019 in Knollwood rose by $2,500 while total sales decreased by 25%, according to BlockShopper.com.

From April through June of 2019, there were six homes sold, with a median sale price of $322,500 - a 0.8% increase over the $320,000 median sale price for the same period of the previous year. There were eight homes sold in Knollwood in the second quarter of 2018.

The median sales tax in Knollwood for the most recent year with available data, 2017, was $5,830, approximately 1.8% of the median home sale price for the second quarter of 2019.

The following table compares Knollwood 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)
Tower Lakes58-37.5%$375,000$402,500-6.8%
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%

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