The median sale price of a home sold in January 2020 in Lake Zurich fell by $98,000 while total sales increased by 6.7%, according to BlockShopper.com.
In January 2020, there were 16 homes sold, with a median sale price of $252,000 - a 28% decrease over the $350,000 median sale price for the same period of the previous year. There were 15 homes sold in Lake Zurich in January 2019.
The median sales tax in Lake Zurich for the most recent year with available data, 2017, was $7,406, approximately 2.9% of the median home sale price for January 2020.
The following table compares Lake Zurich 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) |
|---|---|---|---|---|---|---|
| Deerfield | 10 | 21 | -52.4% | $291,000 | $369,000 | -21.1% |
| Lake Barrington | 7 | 12 | -41.7% | $289,000 | $277,500 | 4.1% |
| Buffalo Grove | 21 | 28 | -25% | $265,000 | $307,500 | -13.8% |
| Indian Creek | 1 | 0 | - | $260,000 | $0 | - |
| Island Lake | 1 | 0 | - | $260,000 | $0 | - |
| 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% |
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