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Lake County Gazette

Thursday, April 18, 2024

Lake Villa home prices fall in June 2019

Re 1

The median sale price of a home sold in June 2019 in Lake Villa fell by $25,875 while total sales increased by 94.4%, according to BlockShopper.com.

In June 2019, there were 35 homes sold, with a median sale price of $224,000 - a 10.4% decrease over the $249,875 median sale price for the same period of the previous year. There were 18 homes sold in Lake Villa in June 2018.

The median sales tax in Lake Villa for the most recent year with available data, 2017, was $7,979, approximately 3.6% of the median home sale price for June 2019.

The following table compares Lake Villa to other Lake County cities with similar median sales prices in June 2019:

CityJune 2019 Home SalesJune 2018 Home Sales% change (Total Home Sales)June 2019 Median Sales PriceJune 2018 Median Sales Price% change (Median Sales Price)
Gages Lake2325-8%$293,000$185,00058.4%
Cary41300%$288,750$483,000-40.2%
Gurnee4966-25.8%$267,000$244,2509.3%
Antioch4147-12.8%$240,000$241,000-0.4%
Third Lake35-40%$238,500$285,500-16.5%
Lake Villa351894.4%$224,000$249,875-10.4%
Volo330%$220,000$255,000-13.7%
Round Lake2941-29.3%$210,000$189,90010.6%
Grayslake685915.3%$207,500$230,000-9.8%
Grandwood Park1118-38.9%$205,200$297,500-31%
Island Lake510-50%$205,000$201,0002%

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