From July through December of 2021, there were four homes sold, with a median sale price of $509,950 - a 42.2% increase over the $358,500 median sale price for the same period of the previous year. There were nine homes sold in Echo Lake in the second half of 2020.
The median sales tax in Echo Lake for the most recent year with available data, 2019, was $4,647, approximately 0.9% of the median home sale price for the second half of 2021.
The following table compares Echo 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) |
|---|---|---|---|---|---|---|
| Deer Park | 26 | 36 | -27.8% | $590,000 | $562,500 | 4.9% |
| Hawthorn Woods | 56 | 48 | 16.7% | $580,000 | $472,000 | 22.9% |
| Tower Lakes | 12 | 10 | 20% | $560,875 | $417,500 | 34.3% |
| Lincolnshire | 73 | 63 | 15.9% | $520,000 | $485,000 | 7.2% |
| Barrington | 84 | 82 | 2.4% | $510,000 | $444,500 | 14.7% |
| Echo Lake | 4 | 9 | -55.6% | $509,950 | $358,500 | 42.2% |
| Fox River Grove | 9 | 2 | 350% | $472,000 | $530,500 | -11% |
| Deerfield | 204 | 179 | 14% | $447,500 | $447,900 | -0.1% |
| Libertyville | 208 | 179 | 16.2% | $439,700 | $392,500 | 12% |
| Indian Creek | 10 | 6 | 66.7% | $422,500 | $355,950 | 18.7% |
| Highwood | 17 | 8 | 112.5% | $411,000 | $390,000 | 5.4% |
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