From January through March of 2022, there were 22 homes sold, with a median sale price of $322,500 - a 22.5% decrease over the $416,250 median sale price for the same period of the previous year. There were 32 homes sold in Lakewood in the first quarter of 2021.
The median sales tax in Lakewood for the most recent year with available data, 2019, was $10,928, approximately 3.4% of the median home sale price for the first quarter of 2022.
The following table compares Lakewood to other McHenry County cities with similar median sale prices in the first quarter of 2022:
| City | Jan. - Mar. 2022 Home Sales | Jan. - Mar. 2021 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2022 Median Sales Price | Jan. - Mar. 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Prairie Grove | 10 | 12 | -16.7% | $412,500 | $342,500 | 20.4% |
| Trout Valley | 2 | 1 | 100% | $387,500 | $380,000 | 2% |
| Spring Grove | 23 | 29 | -20.7% | $365,000 | $350,000 | 4.3% |
| Port Barrington | 4 | 4 | 0% | $360,000 | $294,000 | 22.4% |
| Fox Lake | 2 | 2 | 0% | $348,500 | $455,000 | -23.4% |
| Lakewood | 22 | 32 | -31.3% | $322,500 | $416,250 | -22.5% |
| Fox River Shores | 4 | 4 | 0% | $302,500 | $143,000 | 111.5% |
| Oakwood Hills | 5 | 17 | -70.6% | $300,000 | $265,000 | 13.2% |
| Johnsburg | 28 | 32 | -12.5% | $298,000 | $300,000 | -0.7% |
| Algonquin | 85 | 111 | -23.4% | $295,000 | $277,500 | 6.3% |
| Lake in the Hills | 100 | 135 | -25.9% | $277,000 | $248,000 | 11.7% |
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