Gages Lake home prices rise in the second quarter of 2020

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The median sale price of a home sold in the second quarter of 2020 in Gages Lake rose by $500 while total sales decreased by 25%, according to

From April through June of 2020, there were 42 homes sold, with a median sale price of $212,250 - a 0.2% increase over the $211,750 median sale price for the same period of the previous year. There were 56 homes sold in Gages Lake in the second quarter of 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 the second quarter of 2020.

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

CityApr. - June 2020 Home SalesApr. - June 2019 Home Sales% change (Total Home Sales)Apr. - June 2020 Median Sales PriceApr. - June 2019 Median Sales Price% change (Median Sales Price)
Round Lake5784-32.1%$227,000$209,5008.4%
Gages Lake4256-25%$212,250$211,7500.2%
Ingleside Shore26260%$202,750$192,4505.4%
Island Lake815-46.7%$197,450$205,000-3.7%
Round Lake Heights39-66.7%$195,000$145,00034.5%

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