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Lake County Gazette

Monday, November 25, 2024

Lake Forest home prices fall in the first half of 2019

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The median sale price of a home sold in the first half of 2019 in Lake Forest fell by $87,500 while total sales decreased by 15.8%, according to BlockShopper.com.

From January through June of 2019, there were 144 homes sold, with a median sale price of $732,500 - a 10.7% decrease over the $820,000 median sale price for the same period of the previous year. There were 171 homes sold in Lake Forest in the first half of 2018.

The median sales tax in Lake Forest for the most recent year with available data, 2017, was $14,241, approximately 1.9% of the median home sale price for the first half of 2019.

The following table compares Lake Forest to other Lake County cities with similar median sales prices in the first half of 2019:

CityJan. - June 2019 Home SalesJan. - June 2018 Home Sales% change (Total Home Sales)Jan. - June 2019 Median Sales PriceJan. - June 2018 Median Sales Price% change (Median Sales Price)
Lake Forest144171-15.8%$732,500$820,000-10.7%
Barrington Hills7540%$725,000$937,500-22.7%
Riverwoods261844.4%$672,500$612,5009.8%
Bannockburn57-28.6%$620,000$900,000-31.1%
Long Grove4879-39.2%$587,500$577,5001.7%
Kildeer333010%$550,000$577,450-4.8%
Green Oaks23230%$525,000$547,500-4.1%
Deer Park2427-11.1%$495,000$500,000-1%
North Barrington371994.7%$480,000$525,000-8.6%
Hawthorn Woods5776-25%$480,000$480,273.50-0.1%
Highland Park187203-7.9%$472,000$475,000-0.6%

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