There were 283 homes sold in February, with a median sale price of $292,000 — a 5.2% decrease from the $307,961 median sale price during the same period of the previous year. In comparison, 422 homes were sold in Lake County in February 2024.
Based on the latest available data from 2021, the median sales tax in Lake County was $7,932, which stands at 2.7% of February's median home sale price.
The U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its value in 2000.
“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.
The following histogram displays changes in median sales prices in Lake County from February 2024 to February 2025.
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