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Lake County Gazette

Thursday, November 21, 2024

Home prices increased in Highwood during the first half of 2022

Re 13

The median sale price of a home sold in the first half of 2022 in Highwood rose by $40,500 while total sales increased by 78.6 percent, according to BlockShopper.com.

From January through June, there were 25 homes sold, with a median sale price of $360,000 - a 12.7 percent increase over the $319,500 median sale price for the same period of the previous year. There were 14 homes sold in Highwood in the first half of 2021.

The median sales tax in Highwood for the most recent year with available data, 2019, was $7,183, approximately two percent of the median home sale price for the first half of 2022.

The following table compares Highwood to other Lake County cities with similar median sale prices in the first half of 2022:

CityJanuary - June 2022 Home SalesJanuary - June 2021 Home Sales% change (Total Home Sales)January - June 2022 Median Sales PriceJanuary - June 2021 Median Sales Price% change (Median Sales Price)
Wadsworth4910390$416,000$365,00014
Knollwood126100$408,750$330,50023.7
Buffalo Grove30496216.7$396,500$362,5009.4
Horatio Gardens62200$387,500$381,0001.7
Lake Zurich17575133.3$378,000$332,00013.9
Highwood251478.6$360,000$319,50012.7
Port Barrington42100$358,250$378,500-5.4
Volo12771.4$342,500$295,00016.1
Vernon Hills28780258.8$342,000$310,00010.3
Forest Lake198137.5$335,000$373,750-10.4
Gurnee307110179.1$310,000$306,0001.3

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