From July through December of 2021, there were 14 homes sold, with a median sale price of $226,500 - a 7.9% increase over the $210,000 median sale price for the same period of the previous year. There were 23 homes sold in Island Lake in the second half of 2020.
The median sales tax in Island Lake for the most recent year with available data, 2019, was $4,878, approximately 2.2% of the median home sale price for the second half of 2021.
The following table compares Island Lake to other Lake County cities with similar median sale prices in the second half of 2021:
| City | July - Dec. 2021 Home Sales | July - Dec. 2020 Home Sales | % change (Total Home Sales) | July - Dec. 2021 Median Sales Price | July - Dec. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Gages Lake | 90 | 79 | 13.9% | $255,500 | $224,000 | 14.1% |
| Round Lake | 109 | 110 | -0.9% | $255,000 | $192,000 | 32.8% |
| Ingleside Shore | 38 | 49 | -22.4% | $241,000 | $220,000 | 9.5% |
| Fox Lake Hills | 30 | 28 | 7.1% | $237,500 | $190,750 | 24.5% |
| Round Lake Heights | 20 | 18 | 11.1% | $229,950 | $207,000 | 11.1% |
| Island Lake | 14 | 23 | -39.1% | $226,500 | $210,000 | 7.9% |
| Beach Park | 103 | 90 | 14.4% | $225,000 | $189,362 | 18.8% |
| Winthrop Harbor | 56 | 58 | -3.4% | $222,500 | $178,500 | 24.6% |
| Mundelein | 61 | 73 | -16.4% | $220,000 | $209,000 | 5.3% |
| Park City | 5 | 5 | 0% | $220,000 | $218,000 | 0.9% |
| Fox Lake | 85 | 93 | -8.6% | $218,250 | $204,000 | 7% |
Alerts Sign-up