From July through September of 2017, there were 13 homes sold, with a median sale price of $136,000 - a 23.1% decrease over the $176,750 median sale price for the same period of the previous year. There were 12 homes sold in Lake Summerset in the third quarter of 2016.
The median sales tax in Lake Summerset for the most recent year with available data, 2016, was $3,918.70, approximately 2.9% of the median home sale price for the third quarter of 2017.
The following table compares Lake Summerset to other Stephenson County cities in the third quarter of 2017:
| City | July - Sept. 2017 Home Sales | July - Sept. 2016 Home Sales | % change (Total Home Sales) | July - Sept. 2017 Median Sales Price | July - Sept. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Winslow | 1 | 1 | 0% | $225,000 | $101,500 | 121.7% |
| Lake Summerset | 13 | 12 | 8.3% | $136,000 | $176,750 | -23.1% |
| Lena | 18 | 8 | 125% | $93,500 | $97,000 | -3.6% |
| Cedarville | 2 | 5 | -60% | $87,500 | $77,500 | 12.9% |
| Dakota | 4 | 2 | 100% | $87,000 | $71,000 | 22.5% |
| Pearl City | 10 | 3 | 233.3% | $67,500 | $59,500 | 13.4% |
| Freeport | 110 | 94 | 17% | $66,875 | $55,450 | 20.6% |
| Davis | 2 | 3 | -33.3% | $63,500 | $68,500 | -7.3% |
| Rock City | 2 | 1 | 100% | $58,000 | $137,500 | -57.8% |
| Orangeville | 1 | 1 | 0% | $55,000 | $92,150 | -40.3% |
| German Valley | 1 | 2 | -50% | $39,900 | $63,572 | -37.2% |
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