Lake County, IL Home Values & Market Trends
The median home price in Lake County, IL is $346,942.37. There were 9,684 home sales in Lake County, IL over the past 12 months. The median residential Lake County, IL home value for transactions over the previous year is $311,145.489. The number of current listings in Lake County, IL is 290, and the percentage of properties for sale is 290.00%. The county has 1,026 foreclosures, 93 bank owned properties, 109 headed for auction, and 290 properties for sale.
Lake County, IL Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Grayslake | $ 296,368 $ 184/sqft | Barrington | $ 508,706 $ 209/sqft |
| Waukegan | $ 219,900 $ 141/sqft | Highland Park | $ 969,903 $ 242/sqft |
| Mundelein | $ 319,700 $ 186/sqft | Lake Zurich | $ 339,862 $ 260/sqft |
| Gurnee | $ 409,937 $ 156/sqft | Deerfield | $ 530,428 $ 279/sqft |
| Lake Villa | $ 371,093 $ 151/sqft | Libertyville | $ 514,396 $ 238/sqft |
| Buffalo Grove | $ 280,105 $ 208/sqft | Winthrop Harbor | $ 308,232 $ 162/sqft |
| Vernon Hills | $ 241,642 $ 187/sqft | Wadsworth | $ 613,461 $ 204/sqft |
| Antioch | $ 401,327 $ 153/sqft | Round Lake | $ 323,034 $ 130/sqft |
| Ingleside | $ 316,036 $ 164/sqft | North Chicago | $ 105,000 $ 137/sqft |
| Lake Forest | $ 900,728 $ 304/sqft | Lake Bluff | $ 846,782 $ 301/sqft |
| Zion | $ 197,598 $ 106/sqft | Great Lakes | $ -- $ -- |
| Wauconda | $ 288,639 $ 188/sqft | Highwood | $ -- $ -- |
| Fox Lake | $ 227,203 $ 169/sqft | Lincolnshire | $ -- $ -- |
| Island Lake | $ 308,719 $ 188/sqft |
Housing Market Summary for Lake County, IL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $313.4K | $322.9K | 3.03% |
| Median Sold Price | $326.2K | $322.9K | -0.99% |
| Homes For Sale | 306 | 236 | -22.88% |
| Homes Sold | 6,628 | 4,796 | -27.64% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Lake County, IL
Browse Homes in Lake County, IL
Lake County, IL home values range from $22,240 to $15,724,148. Lake Forest is the priciest city with a median listing home price of $785,000, and North Chicago is most affordable with average house prices of around $105,000.
- Pre-ForeclosurePre-foreclosure homes account for 0.37% of all residential properties in Lake County, IL with Waukegan containing 94 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 27 cities within Lake County, IL; of those cities, the estimated home value for pre-foreclosure homes ranges from $382,168 in Lake Forest to the lowest home value of $62,992 in Round Lake.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Lake County, IL ranges from the highest value of $309,900 in Lake Forest to the lowest value of $128,100 in Gurnee. Bank owned homes and properties account for 0.04% of properties in Lake County, IL. There are 27 cities within Lake County, IL; Zion containing 10 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsWaukegan has 9 auction properties, the highest number of properties going to auction in a single city in the state of Lake County, IL. Auction homes and other auction properties account for 0.05% of all properties in Lake County, IL. There are 27 cities within Lake County, IL; of those cities, the median estimated home value for homes going to auction ranges from $308,750 in Lake Bluff to the lowest value of $78,622 in Lake Bluff.
Compare Nearby Cities
More Real Estate Resources for Lake County, IL
Guide for Lake County, IL
The Salt Lake City real estate market is experiencing significant shifts, as average property values have dropped citywide. However, neighbourhood trends vary, with West Valley City seeing a slight rise in property values, while others like North Salt Lake show a decline. This fluctuation highlights the importance of localized analysis in real estate investment.
A quick analysis of real estate trends in Chicago and its neighboring areas from November 2022 to December 2023.
Buying a new home is an important milestone for many. But how do you make sure you pick the right mortgage?
The Little Rock real estate market has shown growth in average property values and prices per square foot between April 2023 and March 2024, indicating an investment-friendly environment.
