In August 2017, there were two homes sold, with a median sale price of $120,000 - a 23.8% decrease over the $157,500 median sale price for the same period of the previous year. There were four homes sold in Lake Summerset in August 2016.
The median sales tax in Lake Summerset for the most recent year with available data, 2016, was $3,919, approximately 3.3% of the median home sale price for August 2017.
The following table compares Lake Summerset to other Stephenson County cities in August 2017:
| City | Aug. 2017 Home Sales | Aug. 2016 Home Sales | % change (Total Home Sales) | Aug. 2017 Median Sales Price | Aug. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Pearl City | 2 | 1 | 100% | $126,052 | $73,000 | 72.7% |
| Lake Summerset | 2 | 4 | -50% | $120,000 | $157,500 | -23.8% |
| Dakota | 3 | 1 | 200% | $118,000 | $37,000 | 218.9% |
| Lena | 8 | 5 | 60% | $105,450 | $95,000 | 11% |
| Davis | 1 | 1 | 0% | $97,000 | $68,500 | 41.6% |
| Freeport | 50 | 32 | 56.3% | $68,950 | $57,450 | 20% |
| Rock City | 2 | 0 | - | $58,000 | $0 | - |
| Orangeville | 1 | 0 | - | $55,000 | $0 | - |
| German Valley | 1 | 0 | - | $39,900 | $0 | - |
| Cedarville | 0 | 1 | -100% | $0 | $29,610 | -100% |
| Winslow | 0 | 0 | - | $0 | $0 | - |
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