Lake Barrington home prices fall in the first half of 2020

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The median sale price of a home sold in the first half of 2020 in Lake Barrington fell by $17,500 while total sales decreased by 7.9%, according to

From January through June of 2020, there were 58 homes sold, with a median sale price of $322,500 - a 5.1% decrease over the $340,000 median sale price for the same period of the previous year. There were 63 homes sold in Lake Barrington in the first half of 2019.

The median sales tax in Lake Barrington for the most recent year with available data, 2018, was $7,285, approximately 2.3% of the median home sale price for the first half of 2020.

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

CityJan. - June 2020 Home SalesJan. - June 2019 Home Sales% change (Total Home Sales)Jan. - June 2020 Median Sales PriceJan. - June 2019 Median Sales Price% change (Median Sales Price)
Tower Lakes57-28.6%$388,000$375,0003.5%
Indian Creek440%$332,500$383,000-13.2%
Port Barrington49-55.6%$330,250$279,50018.2%
Lake Zurich117158-25.9%$324,000$336,000-3.6%
Lake Barrington5863-7.9%$322,500$340,000-5.1%
Buffalo Grove173224-22.8%$318,000$322,750-1.5%
Horatio Gardens58-37.5%$317,500$317,5000%
Grandwood Park4244-4.5%$301,250$225,50033.6%
Vernon Hills169189-10.6%$283,000$293,000-3.4%

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