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Lake County Gazette

Thursday, November 21, 2024

First half of 2022: Port Barrington (Lake County) experienced a 5.4% drop in median home prices

Realestate1

The median sale price of a home sold in the first half of 2022 in Port Barrington in Lake County fell by $20,250 while total sales increased by 100 percent, according to BlockShopper.com.

From January through June, there were four homes sold, with a median sale price of $358,250 - a 5.4 percent decrease from the $378,500 median sale price for the same period of the previous year. There were two homes sold in Port Barrington in the first half of 2021.

The median sales tax in Port Barrington for the most recent year with available data, 2019, was $7,638, approximately 2.1 percent of the median home sale price for the first half of 2022.

The following table compares Port Barrington 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)
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
Lake Villa12338223.7$305,000$289,5005.4
* This story only considers sales data for the part of Port Barrington that is in Lake County.

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