From April to June, 45 homes sold in Island Lake for a median price of $178,900. That's 3.2 percent higher than median home sale prices for the second quarter of 2017.
In the second quarter, 6 homes in Island Lake were in foreclosure.
Median property tax for homeowners in Island Lake was $5,449.42 in 2017 according to tax data from that year. That means homeowners pay 3.1 percent of their home's value in taxes.
Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.
Island Lake real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
20
$204,165
-
2010
17
$164,160
-19.6%
2011
17
$119,780
-27%
2012
20
$86,655
-27.7%
2013
50
$97,200
12.2%
2014
33
$115,540
18.9%
2015
44
$172,250
49.1%
2016
47
$168,000
-2.5%
2017
47
$173,400
3.2%
2018
45
$178,900
3.2%
Median property tax
Median sale price
Effective property tax rate
2009
$4,532.26
$204,165
2.2%
2010
$5,553.14
$164,160
3.4%
2011
$4,244.21
$119,780
3.5%
2012
$3,441.64
$86,655
4%
2013
$3,955.11
$97,200
4.1%
2014
$4,115.66
$115,540
3.6%
2015
$5,142.39
$172,250
3%
2016
$4,970.07
$168,000
3%
2017
$5,449.42
$173,400
3.1%
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