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Illinois Valley Times

Monday, November 18, 2024

Lake Holiday home prices rise in the third quarter of 2017

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The median sale price of a home sold in the third quarter of 2017 in Lake Holiday rose by $12,500 while total sales decreased by 13.5%, according to BlockShopper.com.

From July through September of 2017, there were 32 homes sold, with a median sale price of $187,500 - a 7.1% increase over the $175,000 median sale price for the same period of the previous year. There were 37 homes sold in Lake Holiday in the third quarter of 2016.

The median sales tax in Lake Holiday for 2017 was $4,492.58. In 2016, the median sales tax was $4,452.70. This marks an increase of 0.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.4%.

The following table compares Lake Holiday to other LaSalle County cities with similar median sales prices in the third quarter of 2017:

CityJuly - Sept. 2017 Home SalesJuly - Sept. 2016 Home Sales% change (Total Home Sales)July - Sept. 2017 Median Sales PriceJuly - Sept. 2016 Median Sales Price% change (Median Sales Price)
North Utica7475%$225,500$146,00054.5%
Millington21100%$223,500$204,7519.2%
Tonica37-57.1%$222,500$166,00034%
Serena4333.3%$213,750$136,90056.1%
Sandwich10-$194,000$0-
Lake Holiday3237-13.5%$187,500$175,0007.1%
Lostant110%$180,000$135,00033.3%
Seneca141216.7%$175,000$167,5004.5%
Somonauk40-$168,700$0-
Leland412-66.7%$163,750$141,45015.8%
Sheridan11837.5%$153,000$168,750-9.3%

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