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Lake County Gazette

Tuesday, April 23, 2024

Lake Zurich home prices fall in the second quarter of 2019

Realestate3

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Adobe Stock

The median sale price of a home sold in the second quarter of 2019 in Lake Zurich fell by $500 while total sales increased by 9%, according to BlockShopper.com.

From April through June of 2019, there were 109 homes sold, with a median sale price of $336,000 - a 0.1% decrease over the $336,500 median sale price for the same period of the previous year. There were 100 homes sold in Lake Zurich in the second quarter of 2018.

The median sales tax in Lake Zurich for the most recent year with available data, 2017, was $7,406, approximately 2.2% of the median home sale price for the second quarter of 2019.

The following table compares Lake Zurich 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)
Lincolnshire3038-21.1%$382,450$409,500-6.6%
Klondike21100%$379,250$386,000-1.7%
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%

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