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Lake County Gazette

Saturday, November 23, 2024

Rising home prices in Waukegan in the first half of 2022

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The median sale price of a home sold in the first half of 2022 in Waukegan rose by $1,000 while total sales increased by 330.6 percent, according to BlockShopper.com.

From January through June, there were 465 homes sold, with a median sale price of $180,000 - a 0.6 percent increase over the $179,000 median sale price for the same period of the previous year. There were 108 homes sold in Waukegan in the first half of 2021.

The median sales tax in Waukegan for the most recent year with available data, 2019, was $4,167, approximately 2.3 percent of the median home sale price for the first half of 2022.

The following table compares Waukegan 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)
Beach Park11023378.3$220,105$190,00015.8
Mylith Park31200$220,000$71,500207.7
Hainesville5822163.6$194,500$171,20013.6
Round Lake Park301687.5$187,500$97,00093.3
Klondike41300$183,389$608,200-69.8
Waukegan465108330.6$180,000$179,0000.6
Cary82300$175,500$530,500-66.9
Round Lake Beach21493130.1$175,050$160,0009.4
Channel Lake236283.3$173,000$257,450-32.8
Zion21470205.7$172,850$152,00013.7
Long Lake4210320$171,500$109,50056.6

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