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 |
|---|---|---|---|
| Grayslake | $ 298,082 $ 169/sqft | Libertyville | $ 473,927 $ 207/sqft |
| Waukegan | $ 223,778 $ 152/sqft | Ingleside | $ 263,886 $ 182/sqft |
| Gurnee | $ 411,048 $ 177/sqft | Vernon Hills | $ 375,823 $ 200/sqft |
| Antioch | $ 339,949 $ 132/sqft | Winthrop Harbor | $ 267,300 $ 154/sqft |
| Round Lake Beach | $ 200,767 $ 171/sqft | Buffalo Grove | $ 357,932 $ 210/sqft |
| Zion | $ 234,892 $ 155/sqft | Lake Zurich | $ 380,988 $ 193/sqft |
| Lake Forest | $ 966,548 $ 323/sqft | Lindenhurst | $ 377,062 $ 166/sqft |
| Fox Lake | $ 245,966 $ 148/sqft | Round Lake | $ 246,591 $ 139/sqft |
| Mundelein | $ 376,964 $ 197/sqft | Wauconda | $ 302,666 $ 159/sqft |
| Lake Villa | $ 296,690 $ 163/sqft | Beach Park | $ 221,561 $ 208/sqft |
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% |
| Homes Sold | 10,746 | 7,605 | -29.23% |
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.
