From October through December of 2021, there were 115 homes sold, with a median sale price of $859,000 - a 10.8% increase over the $775,000 median sale price for the same period of the previous year. There were 74 homes sold in Lake Forest in the fourth quarter of 2020.
The median sales tax in Lake Forest for the most recent year with available data, 2019, was $14,491, approximately 1.7% of the median home sale price for the fourth quarter of 2021.
The following table compares Lake Forest 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) |
|---|---|---|---|---|---|---|
| Barrington Hills | 4 | 1 | 300% | $957,000 | $405,000 | 136.3% |
| North Barrington | 25 | 12 | 108.3% | $875,000 | $563,000 | 55.4% |
| Lake Forest | 115 | 74 | 55.4% | $859,000 | $775,000 | 10.8% |
| Bannockburn | 4 | 2 | 100% | $805,000 | $742,500 | 8.4% |
| Mettawa | 7 | 3 | 133.3% | $725,000 | $937,500 | -22.7% |
| Lake Bluff | 29 | 21 | 38.1% | $700,000 | $545,000 | 28.4% |
| Kildeer | 27 | 17 | 58.8% | $687,000 | $508,000 | 35.2% |
| Riverwoods | 11 | 9 | 22.2% | $650,000 | $748,000 | -13.1% |
| Green Oaks | 16 | 11 | 45.5% | $628,500 | $619,000 | 1.5% |
| Long Grove | 42 | 24 | 75% | $627,500 | $646,250 | -2.9% |
| Highland Park | 166 | 107 | 55.1% | $615,000 | $528,000 | 16.5% |
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