Lakewood home prices rise in the third quarter of 2020

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The median sale price of a home sold in the third quarter of 2020 in Lakewood rose by $136,250 while total sales increased by 4.3%, according to

From July through September of 2020, there were 24 homes sold, with a median sale price of $421,250 - a 47.8% increase over the $285,000 median sale price for the same period of the previous year. There were 23 homes sold in Lakewood in the third quarter of 2019.

The median sales tax in Lakewood for the most recent year with available data, 2019, was $10,928, approximately 2.6% of the median home sale price for the third quarter of 2020.

The following table compares Lakewood to other McHenry 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)
Barrington Hills9580%$595,000$620,000-4%
Trout Valley50-$515,000$0-
Fox Lake56-16.7%$376,000$242,50055.1%
Prairie Grove1320-35%$367,500$327,50012.2%
Spring Grove282416.7%$343,500$297,50015.5%
Bull Valley125140%$325,000$372,000-12.6%
Port Barrington7475%$280,000$261,5007.1%

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