From January through June, there were 22 homes sold, with a median sale price of $241,500 - a 9.8 percent increase over the $220,000 median sale price for the same period of the previous year. There were seven homes sold in Island Lake in the first half of 2021.
The median sales tax in Island Lake for the most recent year with available data, 2019, was $4,878, approximately two percent of the median home sale price for the first half of 2022.
The following table compares Island Lake to other Lake County cities with similar median sale prices in the first half of 2022:
| City | January - June 2022 Home Sales | January - June 2021 Home Sales | % change (Total Home Sales) | January - June 2022 Median Sales Price | January - June 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Wauconda | 98 | 23 | 326.1 | $259,950 | $265,000 | -1.9 |
| Grayslake | 204 | 82 | 148.8 | $256,500 | $272,500 | -5.9 |
| Ingleside Shore | 48 | 20 | 140 | $254,950 | $213,000 | 19.7 |
| Fox Lake Hills | 24 | 16 | 50 | $245,000 | $210,150 | 16.6 |
| Gages Lake | 110 | 36 | 205.6 | $243,755 | $234,950 | 3.7 |
| Island Lake | 22 | 7 | 214.3 | $241,500 | $220,000 | 9.8 |
| Lake Catherine | 17 | 1 | 1,600 | $240,000 | $257,500 | -6.8 |
| Mundelein | 100 | 36 | 177.8 | $239,950 | $223,500 | 7.4 |
| Fox Lake | 93 | 42 | 121.4 | $239,000 | $204,500 | 16.9 |
| Winthrop Harbor | 65 | 20 | 225 | $236,236 | $223,500 | 5.7 |
| Venetian Village | 42 | 9 | 366.7 | $230,000 | $139,000 | 65.5 |
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