Lake Villa home prices rise in the first quarter of 2020

Medium realestate077

The median sale price of a home sold in the first quarter of 2020 in Lake Villa rose by $15,250 while total sales decreased by 13.6%, according to

From January through March of 2020, there were 38 homes sold, with a median sale price of $241,000 - a 6.8% increase over the $225,750 median sale price for the same period of the previous year. There were 44 homes sold in Lake Villa in the first quarter of 2019.

The median sales tax in Lake Villa for the most recent year with available data, 2018, was $8,462, approximately 3.5% of the median home sale price for the first quarter of 2020.

The following table compares Lake Villa to other Lake County cities with similar median sales prices in the first quarter of 2020:

CityJan. - Mar. 2020 Home SalesJan. - Mar. 2019 Home Sales% change (Total Home Sales)Jan. - Mar. 2020 Median Sales PriceJan. - Mar. 2019 Median Sales Price% change (Median Sales Price)
Indian Creek110%$260,000$355,000-26.8%
Williams Park12-50%$255,000$114,750122.2%
Echo Lake12-50%$250,000$63,500293.7%
Island Lake8560%$246,000$150,00064%
Vernon Hills906930.4%$244,000$272,000-10.3%
Lake Villa3844-13.6%$241,000$225,7506.8%
Forest Lake57-28.6%$225,000$274,500-18%
Round Lake40392.6%$220,000$193,90013.5%

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