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Lake County Gazette

Monday, November 25, 2024

Tower Lakes home prices fall in June 2019

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The median sale price of a home sold in June 2019 in Tower Lakes fell by $40,250 while total sales decreased by 50%, according to BlockShopper.com.

In June 2019, there were two homes sold, with a median sale price of $407,500 - a 9% decrease over the $447,750 median sale price for the same period of the previous year. There were four homes sold in Tower Lakes in June 2018.

The median sales tax in Tower Lakes for the most recent year with available data, 2017, was $10,610, approximately 2.6% of the median home sale price for June 2019.

The following table compares Tower Lakes 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)
Hawthorn Woods14140%$481,500$491,529-2%
Lake Bluff211816.7%$465,000$632,500-26.5%
North Barrington81700%$429,000$650,000-34%
Libertyville584723.4%$421,500$428,000-1.5%
Deerfield604533.3%$413,500$470,000-12%
Tower Lakes24-50%$407,500$447,750-9%
Deer Park34-25%$405,000$500,000-19%
Indian Creek110%$400,000$380,0005.3%
Barrington Hills110%$356,500$1,345,000-73.5%
Buffalo Grove5069-27.5%$342,750$365,000-6.1%
Vernon Hills4655-16.4%$340,625$325,9004.5%

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