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Lake County Gazette

Monday, November 25, 2024

Lake Bluff home prices fall in the second quarter of 2019

Re 10

The median sale price of a home sold in the second quarter of 2019 in Lake Bluff fell by $63,500 while total sales increased by 10.3%, according to BlockShopper.com.

From April through June of 2019, there were 43 homes sold, with a median sale price of $465,000 - a 12% decrease over the $528,500 median sale price for the same period of the previous year. There were 39 homes sold in Lake Bluff in the second quarter of 2018.

The median sales tax in Lake Bluff for the most recent year with available data, 2017, was $11,235, approximately 2.4% of the median home sale price for the second quarter of 2019.

The following table compares Lake Bluff 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)
North Barrington2410140%$512,500$520,000-1.4%
Deer Park16160%$509,000$452,50012.5%
Hawthorn Woods3751-27.5%$490,000$482,5001.6%
Highland Park120136-11.8%$473,750$476,250-0.5%
Barrington Hills5425%$465,226$1,028,750-54.8%
Lake Bluff433910.3%$465,000$528,500-12%
Deerfield133149-10.7%$416,000$440,000-5.5%
Libertyville129146-11.6%$407,500$406,0000.4%
Indian Creek31200%$386,000$380,0001.6%
Lincolnshire3038-21.1%$382,450$409,500-6.6%
Klondike21100%$379,250$386,000-1.7%

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