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Lake County Gazette

Friday, November 22, 2024

Pricing for the median home in Gurnee increased during Q2

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The median sale price of a home sold in the second quarter of 2022 in Gurnee rose by $25,000 while total sales increased by 88.9 percent, according to BlockShopper.com.

From April through June, there were 153 homes sold, with a median sale price of $335,000 - an 8.1 percent increase over the $310,000 median sale price for the same period of the previous year. There were 81 homes sold in Gurnee in the second quarter of 2021.

The median sales tax in Gurnee for the most recent year with available data, 2019, was $6,927, approximately 2.1 percent of the median home sale price for the second quarter of 2022.

The following table compares Gurnee 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)
Lake Zurich825549.1$381,500$349,0009.3
Highwood9812.5$362,000$329,5009.9
Volo660$355,000$310,00014.5
Vernon Hills14755167.3$347,000$320,0008.4
Forest Lake9650$335,000$377,790-11.3
Gurnee1538188.9$335,000$310,0008.1
Third Lake92350$320,000$447,500-28.5
Lake Villa6527140.7$305,000$298,0002.3
Antioch975286.5$297,000$258,75014.8
Park City20-$295,000$0-
Lindenhurst8132153.1$290,000$232,00025

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