Gages Lake home prices fall in June 2020

Medium realestate077

The median sale price of a home sold in June 2020 in Gages Lake fell by $81,000 while total sales decreased by 8.7%, according to

In June 2020, there were 21 homes sold, with a median sale price of $212,000 - a 27.6% decrease over the $293,000 median sale price for the same period of the previous year. There were 23 homes sold in Gages Lake in June 2019.

The median sales tax in Gages Lake for the most recent year with available data, 2018, was $5,254, approximately 2.5% of the median home sale price for June 2020.

The following table compares Gages 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)
Round Lake2729-6.9%$225,000$210,0007.1%
Ingleside Shore141127.3%$217,250$170,00027.8%
Gages Lake2123-8.7%$212,000$293,000-27.6%
Long Lake550%$201,000$185,0008.6%
Fox Lake Hills770%$198,000$189,0004.8%
Beach Park720-65%$196,500$183,5007.1%

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