Third Lake home prices rise in January 2020

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The median sale price of a home sold in January 2020 in Third Lake rose by $41,500 while total sales increased by 50%, according to BlockShopper.com.

In January 2020, there were three homes sold, with a median sale price of $217,500 - a 23.6% increase over the $176,000 median sale price for the same period of the previous year. There were two homes sold in Third Lake in January 2019.

The median sales tax in Third Lake for the most recent year with available data, 2017, was $9,633, approximately 4.4% of the median home sale price for January 2020.

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

City
Jan. 2020 Home Sales
Jan. 2019 Home Sales
% change (Total Home Sales)
Jan. 2020 Median Sales Price
Jan. 2019 Median Sales Price
% change (Median Sales Price)
Lakemoor
1
1
0%
$246,000
$38,000
547.4%
Wadsworth
7
3
133.3%
$232,500
$198,000
17.4%
Antioch
22
16
37.5%
$229,990
$217,450
5.8%
Vernon Hills
35
28
25%
$228,000
$195,000
16.9%
Round Lake
15
11
36.4%
$224,500
$206,000
9%
Third Lake
3
2
50%
$217,500
$176,000
23.6%
Wauconda
13
10
30%
$214,000
$215,750
-0.8%
Gurnee
27
30
-10%
$212,000
$281,000
-24.6%
Fox Lake
11
5
120%
$200,000
$156,040
28.2%
Lindenhurst
13
19
-31.6%
$194,500
$195,000
-0.3%
Grandwood Park
5
8
-37.5%
$175,500
$257,500
-31.8%

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