Lakewood Shores home prices fall in the third quarter of 2020

Medium realestate2

The median sale price of a home sold in the third quarter of 2020 in Lakewood Shores fell by $44,000 while total sales decreased by 75%, according to

From July through September of 2020, there were two homes sold, with a median sale price of $157,500 - a 21.8% decrease over the $201,500 median sale price for the same period of the previous year. There were eight homes sold in Lakewood Shores in the third quarter of 2019.

The median sales tax in Lakewood Shores for the most recent year with available data, 2019, was $2,638, approximately 1.7% of the median home sale price for the third quarter of 2020.

The following table compares Lakewood Shores to other Will County cities with similar median sales prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Lakewood Falls59-44.4%$175,000$168,5003.9%
Preston Heights440%$161,000$120,00034.2%
Lincoln Estates330%$160,000$299,900-46.6%
Lakewood Shores28-75%$157,500$201,500-21.8%
Ingalls Park516-68.8%$136,000$112,20021.2%
University Park1427-48.1%$123,250$105,00017.4%

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