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Lake County Gazette

Sunday, November 24, 2024

What happened to the median home price in Venetian Village during the first half of 2022?

Re 5

The median sale price of a home sold in the first half of 2022 in Venetian Village rose by $91,000 while total sales increased by 366.7 percent, according to BlockShopper.com.

From January through June, there were 42 homes sold, with a median sale price of $230,000 - a 65.5 percent increase over the $139,000 median sale price for the same period of the previous year. There were nine homes sold in Venetian Village in the first half of 2021.

The median sales tax in Venetian Village for the most recent year with available data, 2019, was $4,509, approximately two percent of the median home sale price for the first half of 2022.

The following table compares Venetian Village 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)
Island Lake227214.3$241,500$220,0009.8
Lake Catherine1711,600$240,000$257,500-6.8
Mundelein10036177.8$239,950$223,5007.4
Fox Lake9342121.4$239,000$204,50016.9
Winthrop Harbor6520225$236,236$223,5005.7
Venetian Village429366.7$230,000$139,00065.5
Round Lake1146672.7$229,500$235,000-2.3
Round Lake Heights188125$224,750$122,75083.1
Beach Park11023378.3$220,105$190,00015.8
Mylith Park31200$220,000$71,500207.7
Hainesville5822163.6$194,500$171,20013.6

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