Rising home prices in Lake Barrington in the first half of 2022

Medium realestate4

The median sale price of a home sold in the first half of 2022 in Lake Barrington rose by $75,000 while total sales increased by 121.6 percent, according to BlockShopper.com.

From January through June, there were 113 homes sold, with a median sale price of $435,000 - a 20.8 percent increase over the $360,000 median sale price for the same period of the previous year. There were 51 homes sold in Lake Barrington in the first half of 2021.

The median sales tax in Lake Barrington for the most recent year with available data, 2019, was $7,630, approximately 1.8 percent of the median home sale price for the first half of 2022.

The following table compares Lake Barrington to other Lake County cities with similar median sale prices in the first half of 2022:

CityJanuary - June 2022 Home SalesJanuary - June 2021 Home Sales% change (Total Home Sales)January - June 2022 Median Sales PriceJanuary - June 2021 Median Sales Price% change (Median Sales Price)
Tower Lakes114175$565,000$520,0008.7
Indian Creek6450$441,250$380,75015.9
Lake Barrington11351121.6$435,000$360,00020.8
Buffalo Grove30496216.7$396,500$362,5009.4
Horatio Gardens62200$387,500$381,0001.7
Lake Zurich17575133.3$378,000$332,00013.9

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