From October through December of 2021, there were 63 homes sold, with a median sale price of $299,500 - a 12.1% increase over the $267,250 median sale price for the same period of the previous year. There were 30 homes sold in Lake Villa in the fourth quarter of 2020.
The median sales tax in Lake Villa for the most recent year with available data, 2019, was $8,459, approximately 2.8% of the median home sale price for the fourth quarter of 2021.
The following table compares Lake Villa to other Lake County cities with similar median sale prices in the fourth quarter of 2021:
| City | Oct. - Dec. 2021 Home Sales | Oct. - Dec. 2020 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2021 Median Sales Price | Oct. - Dec. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lake Barrington | 48 | 26 | 84.6% | $350,000 | $410,000 | -14.6% |
| Harris Corners | 4 | 2 | 100% | $342,500 | $290,500 | 17.9% |
| Volo | 8 | 3 | 166.7% | $335,000 | $264,000 | 26.9% |
| Forest Lake | 10 | 8 | 25% | $334,000 | $351,500 | -5% |
| Vernon Hills | 142 | 66 | 115.2% | $320,375 | $323,550 | -1% |
| Lake Villa | 63 | 30 | 110% | $299,500 | $267,250 | 12.1% |
| Gurnee | 164 | 89 | 84.3% | $280,000 | $265,000 | 5.7% |
| Grandwood Park | 36 | 13 | 176.9% | $279,950 | $345,000 | -18.9% |
| Wauconda | 53 | 30 | 76.7% | $278,000 | $214,000 | 29.9% |
| Antioch | 121 | 75 | 61.3% | $276,000 | $202,000 | 36.6% |
| Grayslake | 145 | 74 | 95.9% | $265,000 | $235,000 | 12.8% |
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