Mundelein home prices fall in January 2020

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The median sale price of a home sold in January 2020 in Mundelein fell by $154,500 while total sales increased by 85.7%, according to BlockShopper.com.

In January 2020, there were 13 homes sold, with a median sale price of $175,000 - a 46.9% decrease over the $329,500 median sale price for the same period of the previous year. There were seven homes sold in Mundelein in January 2019.

The median sales tax in Mundelein for the most recent year with available data, 2017, was $4,448, approximately 2.5% of the median home sale price for January 2020.

The following table compares Mundelein to other Lake County cities with similar median sales prices in January 2020:

CityJan. 2020 Home SalesJan. 2019 Home Sales% change (Total Home Sales)Jan. 2020 Median Sales PriceJan. 2019 Median Sales Price% change (Median Sales Price)
Wauconda131030%$214,000$215,750-0.8%
Gurnee2730-10%$212,000$281,000-24.6%
Fox Lake115120%$200,000$156,04028.2%
Lindenhurst1319-31.6%$194,500$195,000-0.3%
Grandwood Park58-37.5%$175,500$257,500-31.8%
Mundelein13785.7%$175,000$329,500-46.9%
Grayslake2126-19.2%$175,000$177,450-1.4%
Long Lake61500%$174,450$370,000-52.9%
Beach Park1013-23.1%$170,000$168,0001.2%
Lake Villa1011-9.1%$170,000$190,000-10.5%
Gages Lake812-33.3%$168,750$177,500-4.9%

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