From October to December, 35 homes sold in Island Lake for a median price of $150,000. That's 11 percent higher than median home sale prices for the fourth quarter of 2017.
In the fourth quarter, 2 homes in Island Lake were in foreclosure.
Median property tax for homeowners in Island Lake was $4,083.09 in 2017 according to tax data from that year. That means homeowners pay 3 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: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
22
$195,917
-
2010
14
$151,050
-22.9%
2011
20
$140,120
-7.2%
2012
29
$112,815
-19.5%
2013
43
$133,920
18.7%
2014
34
$117,130
-12.5%
2015
32
$159,000
35.7%
2016
36
$145,950
-8.2%
2017
42
$135,150
-7.4%
2018
35
$150,000
11%
Median property tax
Median sale price
Effective property tax rate
2009
$6,289.37
$195,917
3.2%
2010
$5,969.02
$151,050
4%
2011
$5,124.94
$140,120
3.7%
2012
$4,242.84
$112,815
3.8%
2013
$4,119.66
$133,920
3.1%
2014
$3,273.90
$117,130
2.8%
2015
$4,572.43
$159,000
2.9%
2016
$3,542.88
$145,950
2.4%
2017
$4,083.09
$135,150
3%
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