Lake County, IL Home Values & Market Trends
The median home price in Lake County, IL is $347,831.19. There were 10,523 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 $314,906.574. The number of current listings in Lake County, IL is 351, and the percentage of properties for sale is 15.19%. The county has 1,959 foreclosures, 197 bank owned properties, 137 headed for auction, and 351 properties for sale.
Lake County, IL Real Estate Market Overview
|City||Median Est. Value||City||Median Est. Value|
|Round Lake Beach|
Housing Market Summary for Lake County, IL
|Aug 2022||August 2023||Change|
|Median Listing Price||$259.9K||$354.9K||36.55%|
|Median Sold Price||$331.4K||$354.9K||7.11%|
|Homes For Sale||436||359||-17.66%|
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 $19,991 to $10,359,418. Riverwoods is the priciest city with a median listing home price of $1,299,000, and Round Lake Park is most affordable with average house prices of around $155,000.
- Pre-ForeclosurePre-foreclosure homes account for 0.73% of all residential properties in Lake County, IL with Waukegan containing 182 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 51 cities within Lake County, IL; of those cities, the estimated home value for pre-foreclosure homes ranges from $4,826,600 in Highland Park to the lowest home value of $70,142 in Fox Lake.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Lake County, IL ranges from the highest value of $2,720,066 in Lake Forest to the lowest value of $44,755 in Round Lake. Bank owned homes and properties account for 0.09% of properties in Lake County, IL. There are 51 cities within Lake County, IL; Waukegan containing 25 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsZion has 12 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 0.06% of all properties in Lake County, IL. There are 51 cities within Lake County, IL; of those cities, the median estimated home value for homes going to auction ranges from $3,003,386 in Lake Forest to the lowest value of $46,715 in Lake Forest.