Lakewood home prices rose in August 2021

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The median sale price of a home sold in August 2021 in Lakewood rose by $25,000 while total sales increased by 55.6%, according to BlockShopper.com.

In August 2021, there were 14 homes sold, with a median sale price of $450,000 - a 5.9% increase over the $425,000 median sale price for the same period of the previous year. There were nine homes sold in Lakewood in August 2020.

The median sales tax in Lakewood for the most recent year with available data, 2019, was $10,928, approximately 2.4% of the median home sale price for August 2021.

The following table compares Lakewood to other McHenry County cities with similar median sale prices in August 2021:

CityAug. 2021 Home SalesAug. 2020 Home Sales% change (Total Home Sales)Aug. 2021 Median Sales PriceAug. 2020 Median Sales Price% change (Median Sales Price)
Barrington Hills3250%$1,495,000$331,250351.3%
Bull Valley3250%$635,000$403,00057.6%
Prairie Grove63100%$521,000$176,000196%
Lakewood14955.6%$450,000$425,0005.9%
Spring Grove187157.1%$392,500$363,0008.1%
Oakwood Hills48-50%$359,250$249,00044.3%
Port Barrington63100%$352,500$276,00027.7%
Johnsburg16156.7%$331,500$225,00047.3%
Huntley484311.6%$326,000$285,00014.4%
Fox River Grove13128.3%$306,500$263,00016.5%
Haegers Bend10-$304,000$0-

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