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Lake County Gazette

Sunday, May 19, 2024

Lake County home prices fall in January 2023 compared to January 2022

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In January 2023, the median sale price of a home in Lake County fell by $9,950 from the same period in the previous year, while total sales decreased by 12.1%, according to BlockShopper.com.

Data shows that there were 580 homes sold in January 2023, with a median sale price of $280,000 - a 3.4% decrease from the $289,950 median sale price for the same period of the previous year. There were 660 homes sold in Lake County in January 2022.

For context, the median sales tax in Lake County, based on the latest available data from 2020, was $7,133, which stands at 2.5% of January 2023's median home sale price.

The following histogram displays changes in median sales prices in Lake County from January 2022 to January 2023.

January 2022February 2022March 2022April 2022May 2022June 2022July 2022August 2022September 2022October 2022November 2022December 2022January 2023$289,950$289,950$300,000$300,000$300,000$300,000$328,000$328,000$330,000$330,000$340,000$340,000$340,000$340,000$330,500$330,500$315,000$315,000$285,000$285,000$290,000$290,000$299,000$299,000$280,000$280,000

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