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Lake County Gazette

Sunday, November 24, 2024

What happened to the median home price in Grandwood Park during the first half of 2022?

Re 11

The median sale price of a home sold in the first half of 2022 in Grandwood Park fell by $33,250 while total sales increased by 280 percent, according to BlockShopper.com.

From January through June, there were 76 homes sold, with a median sale price of $266,000 - an 11.1 percent decrease from the $299,250 median sale price for the same period of the previous year. There were 20 homes sold in Grandwood Park in the first half of 2021.

The median sales tax in Grandwood Park for the most recent year with available data, 2019, was $7,275, approximately 2.7 percent of the median home sale price for the first half of 2022.

The following table compares Grandwood Park 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)
Echo Lake23-33.3$283,250$130,000117.9
Antioch20876173.7$281,000$272,5003.1
Williams Park21100$280,000$100,000180
Lakemoor3715146.7$275,001$229,90019.6
Lindenhurst14754172.2$270,000$230,00017.4
Grandwood Park7620280$266,000$299,250-11.1
Wauconda9823326.1$259,950$265,000-1.9
Grayslake20482148.8$256,500$272,500-5.9
Ingleside Shore4820140$254,950$213,00019.7
Fox Lake Hills241650$245,000$210,15016.6
Gages Lake11036205.6$243,755$234,9503.7

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