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Lake County Gazette

Monday, November 25, 2024

Lake Barrington home prices rise in the second quarter of 2019

Realestate5

The median sale price of a home sold in the second quarter of 2019 in Lake Barrington rose by $45,050 while total sales decreased by 36.2%, according to BlockShopper.com.

From April through June of 2019, there were 37 homes sold, with a median sale price of $357,500 - a 14.4% increase over the $312,450 median sale price for the same period of the previous year. There were 58 homes sold in Lake Barrington in the second quarter of 2018.

The median sales tax in Lake Barrington for the most recent year with available data, 2017, was $7,188, approximately 2% of the median home sale price for the second quarter of 2019.

The following table compares Lake Barrington 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)
Indian Creek31200%$386,000$380,0001.6%
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%

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