Vernon Hills home prices rise in January 2020

Medium realestate077

The median sale price of a home sold in January 2020 in Vernon Hills rose by $33,000 while total sales increased by 25%, according to BlockShopper.com.

In January 2020, there were 35 homes sold, with a median sale price of $228,000 - a 16.9% increase over the $195,000 median sale price for the same period of the previous year. There were 28 homes sold in Vernon Hills in January 2019.

The median sales tax in Vernon Hills for the most recent year with available data, 2017, was $8,241, approximately 3.6% of the median home sale price for January 2020.

The following table compares Vernon Hills 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)
Lake Zurich
16
15
6.7%
$252,000
$350,000
-28%
Lake Catherine
1
2
-50%
$246,000
$76,450
221.8%
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%

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