From January through March of 2017, there were six homes sold, with a median sale price of $124,500 - a 21.4% decrease over the $158,410 median sale price for the same period of the previous year. There were six homes sold in Lake Summerset in the first quarter of 2016, as well.
The median sales tax in Lake Summerset for the most recent year with available data, 2016, was $3,918.70, approximately 3.1% of the median home sale price for the first quarter of 2017.
The following table compares Lake Summerset to other Stephenson County cities in the first quarter of 2017:
| City | Jan. - Mar. 2017 Home Sales | Jan. - Mar. 2016 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2017 Median Sales Price | Jan. - Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| German Valley | 2 | 0 | - | $126,250 | $0 | - |
| Lake Summerset | 6 | 6 | 0% | $124,500 | $158,410 | -21.4% |
| Orangeville | 2 | 2 | 0% | $66,800 | $36,500 | 83% |
| Pearl City | 1 | 2 | -50% | $64,000 | $40,000 | 60% |
| Lena | 6 | 10 | -40% | $47,500 | $69,000 | -31.2% |
| Freeport | 61 | 51 | 19.6% | $45,000 | $51,500 | -12.6% |
| Cedarville | 3 | 3 | 0% | $19,000 | $49,900 | -61.9% |
| Rock City | 0 | 1 | -100% | $0 | $92,000 | -100% |
| Dakota | 0 | 3 | -100% | $0 | $64,000 | -100% |
| Winslow | 0 | 0 | - | $0 | $0 | - |
| Davis | 0 | 1 | -100% | $0 | $71,000 | -100% |
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