In March 2022, there were 13 homes sold, with a median sale price of $315,000 - a 27.7% decrease over the $435,750 median sale price for the same period of the previous year. There were 16 homes sold in Lakewood in March 2021.
The median sales tax in Lakewood for the most recent year with available data, 2019, was $10,928, approximately 3.5% of the median home sale price for March 2022.
The following table compares Lakewood to other McHenry County cities with similar median sale prices in March 2022:
| City | Mar. 2022 Home Sales | Mar. 2021 Home Sales | % change (Total Home Sales) | Mar. 2022 Median Sales Price | Mar. 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Fox Lake | 1 | 1 | 0% | $458,000 | $485,000 | -5.6% |
| Spring Grove | 9 | 7 | 28.6% | $437,500 | $355,000 | 23.2% |
| Bull Valley | 1 | 2 | -50% | $425,000 | $337,500 | 25.9% |
| Port Barrington | 1 | 3 | -66.7% | $370,000 | $263,000 | 40.7% |
| Algonquin | 29 | 41 | -29.3% | $342,000 | $298,000 | 14.8% |
| Lakewood | 13 | 16 | -18.8% | $315,000 | $435,750 | -27.7% |
| Johnsburg | 10 | 15 | -33.3% | $307,500 | $300,000 | 2.5% |
| Fox River Shores | 2 | 2 | 0% | $302,500 | $167,500 | 80.6% |
| Huntley | 27 | 33 | -18.2% | $300,000 | $268,000 | 11.9% |
| Lake in the Hills | 45 | 58 | -22.4% | $281,000 | $228,750 | 22.8% |
| Fox River Grove | 10 | 9 | 11.1% | $264,000 | $250,000 | 5.6% |
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