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Lake County Gazette

Thursday, November 7, 2024

Lake County home prices rose in August 2024 compared to August 2023

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In August, the median sale price of a home in Lake County rose by $45,056 from the same period in the previous year, while total sales decreased by 14.2%, according to BlockShopper.com.

Data shows that there were 732 homes sold in August, with a median sale price of $385,056 - a 13.3% increase over the $340,000 median sale price for the same period of the previous year. There were 853 homes sold in Lake County in August 2023.

For context, the median sales tax in Lake County, based on the latest available data from 2021, was $7,932, which stands at 2.1% of August's median home sale price.

The following histogram displays changes in median sales prices in Lake County from August 2023 to August 2024.

August 2023September 2023October 2023November 2023December 2023January 2024February 2024March 2024April 2024May 2024June 2024July 2024August 2024$340,000$340,000$340,000$340,000$330,000$330,000$306,000$306,000$323,700$323,700$299,000$299,000$307,961$307,961$334,000$334,000$345,000$345,000$350,000$350,000$380,000$380,000$368,000$368,000$385,056$385,056

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