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McHenry Times

Friday, April 26, 2024

Lakewood home prices fall in the first half of 2018

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The median sale price of a home sold in the first half of 2018 in Lakewood fell by $39,250 while total sales increased by 20.5%, according to BlockShopper.com.

From January through June of 2018, there were 53 homes sold, with a median sale price of $340,000 - a 10.3% decrease over the $379,250 median sale price for the same period of the previous year. There were 44 homes sold in Lakewood in the first half of 2017.

The median sales tax in Lakewood for the most recent year with available data, 2017, was $11,727, approximately 3.4% of the median home sale price for the first half of 2018.

The following table compares Lakewood to other McHenry County cities with similar median sales prices in the first half of 2018:

CityJan. - June 2018 Home SalesJan. - June 2017 Home Sales% change (Total Home Sales)Jan. - June 2018 Median Sales PriceJan. - June 2017 Median Sales Price% change (Median Sales Price)
Barrington Hills1011-9.1%$431,750$521,500-17.2%
Lakewood534420.5%$340,000$379,250-10.3%
Bull Valley1218-33.3%$337,750$342,250-1.3%
Prairie Grove272128.6%$325,000$283,00014.8%
Trout Valley35-40%$310,000$305,0001.6%
Ringwood7616.7%$310,000$267,00016.1%
Spring Grove603953.8%$289,500$285,0001.6%
Port Barrington181163.6%$275,000$270,0001.9%
Fox Lake440%$265,000$356,250-25.6%
Johnsburg5356-5.4%$250,000$209,50019.3%
Fox River Grove433426.5%$245,000$224,0009.4%

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