Lake County Gazette

Lake County Gazette

Sunday, February 23, 2020

Lake Forest home prices fall in January 2020

Real Estate

By Metric Media News Service | Feb 7, 2020

Re 14

The median sale price of a home sold in January 2020 in Lake Forest fell by $179,000 while total sales increased by 31.6%, according to BlockShopper.com.

In January 2020, there were 25 homes sold, with a median sale price of $750,000 - a 19.3% decrease over the $929,000 median sale price for the same period of the previous year. There were 19 homes sold in Lake Forest in January 2019.

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 January 2020.

The following table compares Lake Forest to other Lake County cities with similar median sales prices in January 2020:

City
Jan. 2020 Home Sales
Jan. 2019 Home Sales
% change (Total Home Sales)
Jan. 2020 Median Sales Price
Jan. 2019 Median Sales Price
% change (Median Sales Price)
Bannockburn
1
2
-50%
$874,500
$599,000
46%
North Barrington
6
2
200%
$872,500
$472,500
84.7%
Lake Forest
25
19
31.6%
$750,000
$929,000
-19.3%
Barrington Hills
1
1
0%
$710,000
$875,000
-18.9%
Riverwoods
1
1
0%
$647,000
$525,000
23.2%
Lincolnshire
9
1
800%
$592,500
$366,500
61.7%
Hawthorn Woods
8
3
166.7%
$534,289.50
$457,222
16.9%
Long Grove
9
10
-10%
$510,000
$617,500
-17.4%
Barrington
12
11
9.1%
$461,000
$354,000
30.2%
Lake Bluff
10
6
66.7%
$443,750
$442,210.50
0.3%
Green Oaks
5
1
400%
$432,500
$420,000
3%

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