In December 2021, there were 14 homes sold, with a median sale price of $226,250 - a 18.1% increase over the $191,500 median sale price for the same period of the previous year. There were 14 homes sold in Gages Lake in December 2020, as well.
The median sales tax in Gages Lake for the most recent year with available data, 2019, was $5,655, approximately 2.5% of the median home sale price for December 2021.
The following table compares Gages Lake to other Lake County cities with similar median sale prices in December 2021:
| City | Dec. 2021 Home Sales | Dec. 2020 Home Sales | % change (Total Home Sales) | Dec. 2021 Median Sales Price | Dec. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mundelein | 11 | 7 | 57.1% | $239,000 | $234,900 | 1.7% |
| Wauconda | 11 | 6 | 83.3% | $231,231 | $257,500 | -10.2% |
| Island Lake | 3 | 3 | 0% | $230,000 | $255,000 | -9.8% |
| Beach Park | 14 | 5 | 180% | $228,450 | $188,724 | 21% |
| Channel Lake | 6 | 1 | 500% | $228,000 | $60,000 | 280% |
| Gages Lake | 14 | 14 | 0% | $226,250 | $191,500 | 18.1% |
| Williams Park | 2 | 0 | - | $220,000 | $0 | - |
| Grayslake | 35 | 19 | 84.2% | $220,000 | $228,150 | -3.6% |
| Winthrop Harbor | 8 | 8 | 0% | $207,000 | $160,750 | 28.8% |
| Hainesville | 9 | 2 | 350% | $190,000 | $121,500 | 56.4% |
| Waukegan | 69 | 21 | 228.6% | $185,000 | $164,000 | 12.8% |
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