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Lake County Gazette

Wednesday, June 4, 2025

Lake County median home valuation prices rose by 7.3% in March 2025 compared to March 2024

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In March, the median sale price of a home in Lake County rose by $24,000 from the same period in the previous year, while total sales decreased by 46.6%, according to BlockShopper.com.

There were 292 homes sold in March, with a median sale price of $355,000 — a 7.3% increase over the $331,000 median sale price during the same period of the previous year. In comparison, 547 homes were sold in Lake County in March 2024.

Based on the latest available data from 2023, the median sales tax in Lake County was $8,543, which stands at 2.4% of March'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 March 2024 to March 2025.

March 2024April 2024May 2024June 2024July 2024August 2024September 2024October 2024November 2024December 2024January 2025February 2025March 2025$331,000$331,000$345,000$345,000$350,000$350,000$380,000$380,000$371,000$371,000$385,000$385,000$340,000$340,000$350,000$350,000$346,500$346,500$319,750$319,750$340,000$340,000$292,000$292,000$355,000$355,000

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