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Lake County Gazette

Wednesday, August 14, 2024

Falling home prices in Deer Park (Lake County) in Q2

Realestate2

The median sale price of a home sold in the second quarter of 2022 in Deer Park in Lake County fell by $13,000 while total sales increased by 77.8 percent, according to BlockShopper.com.

From April through June, there were 16 homes sold, with a median sale price of $566,000 - a 2.2 percent decrease from the $579,000 median sale price for the same period of the previous year. There were nine homes sold in Deer Park in the second quarter of 2021.

The median sales tax in Deer Park for the most recent year with available data, 2019, was $11,403, approximately two percent of the median home sale price for the second quarter of 2022.

The following table compares Deer Park to other Lake County cities with similar median sale prices in the second quarter of 2022:

CityApril - June 2022 Home SalesApril - June 2021 Home Sales% change (Total Home Sales)April - June 2022 Median Sales PriceApril - June 2021 Median Sales Price% change (Median Sales Price)
Lincolnshire492781.5$660,000$549,00020.2
Riverwoods1516-6.3$644,990$572,50012.7
Fox River Grove52150$610,000$499,25022.2
Hawthorn Woods261752.9$609,250$540,00012.8
Tower Lakes42100$570,000$367,50055.1
Deer Park16977.8$566,000$579,000-2.2
Barrington5427100$538,000$550,000-2.2
Deerfield1387486.5$528,000$449,75017.4
Horatio Gardens220$505,000$381,00032.5
Williams Park110$475,000$100,000375
Libertyville15373109.6$465,721$410,00013.6
* This story only considers sales data for the part of Deer Park that is in Lake County.

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