Island Lake (Lake County) home prices fall in June 2020

Medium realestate3

The median sale price of a home sold in June 2020 in Island Lake in Lake County fell by $25,100 while total sales decreased by 40%, according to BlockShopper.com.

In June 2020, there were three homes sold, with a median sale price of $179,900 - a 12.2% decrease over the $205,000 median sale price for the same period of the previous year. There were five homes sold in Island Lake in June 2019.

The median sales tax in Island Lake for the most recent year with available data, 2018, was $4,838, approximately 2.7% of the median home sale price for June 2020.

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

CityJune 2020 Home SalesJune 2019 Home Sales% change (Total Home Sales)June 2020 Median Sales PriceJune 2019 Median Sales Price% change (Median Sales Price)
Mundelein1119-42.1%$196,500$188,0004.5%
Round Lake Heights15-80%$195,000$155,00025.8%
Hainesville910-10%$190,000$166,75013.9%
Fox Lake18180%$185,000$199,500-7.3%
Venetian Village440%$181,950$141,00029%
Island Lake35-40%$179,900$205,000-12.2%
Round Lake Park49-55.6%$173,750$133,00030.6%
Round Lake Beach2144-52.3%$164,000$174,250-5.9%
Winthrop Harbor915-40%$160,000$193,000-17.1%
Lake Catherine34-25%$145,000$172,400-15.9%
Waukegan6066-9.1%$144,000$145,000-0.7%
* This story only considers sales data for the part of Island Lake that is in Lake County.

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