Key Takeaways Lake County prices surpassed the country by a large margin in June. The median price rose 6% year over year to $443,748, nearly triple the national rate of price growth.
Lake County, IL Housing Market Photo
| Typical Sale Price | Pending Sales | Active Listings | Days on Market | Sold Above List |
| $443,748 (+6.3% YoY) | 1,077 (+13.3% YoY) | 3,251 (+5.6% YoY) | 46 days (+1 day YoY) | 51.1% (-2.5 ppt YoY) |
Lake County’s real estate market picked up speed in June. Rates posted their fastest annual gain given that early 2025, pending sales surged by double digits, and homes continued to offer above asking. A significant increase in new listings gave buyers more to choose from, however need soaked up that supply so rapidly that sellers remained securely in control.
Find out whatever you require to learn about the Lake County, IL real estate market heading into late summer, and what purchasers and sellers can do to be successful.
U.S. Real Estate Market Snapshot
| Typical Price | Pending Sales | Active Listings | Days on Market | Buyer-Seller Balance |
| $408,776 (+2.2% YoY) | 349,254 (+4.5% YoY) | 1,496,490 (+0.8% YoY) | 49 days (+1 day YoY) | Sellers outnumber purchasers by 48.5% |
The country as an entire saw modest gains: 2% rate growth, about 5% more pending sales, and flat inventory. In Lake County, the split from national patterns was much more noticable: regional costs grew almost 3 times as quick, pending sales rose at triple the nationwide rate, and homes sold three days much faster than the nationwide mean.
“June marked a bump in the roadway for the ongoing housing market recovery,” said Chen Zhao, Redfin’s head of economics research. “Costs climbed up much faster than in recent months, and economic uncertainty and rising home loan rates connected to war in Iran startled some property buyers and sellers. On a favorable note, home sales trended upwards, and price enhanced as incomes rose quicker than rates. There are pockets of competitors in the Midwest, Northeast, and Bay Location, however in general, customers are still struggling through a challenging duration. Even so, economists still anticipate the market to slowly enhance in the coming years.”
Lake County Costs Climbed Up at Triple the National Speed
Purchasers getting in Lake County’s market in June paid a clear premium over in 2015. The median sale price reached $443,748, an about 6% boost from a year ago and nearly triple the national speed of about 2%. Lake County has actually appreciated approximately 70% given that early 2020, surpassing the national gain over the same period. The mean cost per square foot rose about 6% year over year to $228, validating that the price boost showed real per-unit value development instead of a shift in the mix of homes offering.
Rate cuts stayed unusual. Only about 11% of active listings carried a decreased asking price, and the common home cost approximately 1% above list. Sellers set practical prices and buyers consistently fulfilled or surpassed them.
Pending Sales Rose as Purchasers Re-Entered the Market
The average home in Lake County invested simply 46 days on market before going under agreement– 3 days quicker than the national mean and only one day longer than a year ago. More than half of listings (55%) went under contract within two weeks, compared to 31% nationally. That 24-percentage-point gap underscored the depth of local need. The rate dipped somewhat from last year’s 57%, however remained well above pre-pandemic norms of 30– 35%.
Pending sales increased about 13% year over year to 1,077, the largest gain given that early 2025. Closed sales increased roughly 4% to 976, validating that the need rise translated into actual transactions, not just contracts. Purchasers in Lake County required to act quickly; well-priced listings were soaked up before they could build up on the market.
New Supply Arrived however Buyers Kept Pace
Despite more homes striking the marketplace, supply still couldn’t stay up to date with demand. Active listings rose about 6% year over year to 3,251, and new listings leapt approximately 17% to 1,154, the biggest influx of fresh supply since mid-2021. Nationally, inventory was essentially flat. Unlike markets where increasing stock signals compromising need, Lake County’s supply increase coincided with a 13% rise in pending sales and a 4% gain in closings. Sellers noted; buyers bought quicker.
Months of supply sat at simply over 2– little bit altered from a year ago in spite of the stock gain, and well listed below the national 3.7. That level securely prefers sellers. Buyers encountered more choices than a year back, but competition for well-priced homes stayed intense adequate to keep the marketplace securely balanced in sellers’ favor.
Upper Tiers Grew Progressively, While the Bottom Appreciated Fastest
| Rate Tier | Median Price (YoY) | Sold (YoY) | DOM (YoY) | % Above List (YoY) |
| High-end (leading 5%) | $1,540,568 (+4.4%) | 132 (-7.7%) | 53 days (-6 days) | 35.6% (+4.1 ppt) |
| High (65th-95th%) | $671,441 (+6.4%) | 760 (+0.4%) | 45 days (-3 days) | 51.2% (+1.4 ppt) |
| Non-luxury (35th-65th%) | $380,825 (+6.2%) | 595 (-9.4%) | 46 days (-2 days) | 48.6% (+0.6 ppt) |
| Beginner (5th-35th%) | $254,093 (+6.6%) | 516 (+5.7%) | 47 days (+1 day) | 46.7% (+3.1 ppt) |
| Bottom (bottom 5%) | $142,625 (+17.4%) | 80 (+8.1%) | 56 days (+4 days) | 31.3% (-5.2 ppt) |
Redfin analysis of MLS data – Rolling three-month duration (March-May 2026)
The bottom tier climbed up fastest at about 17%, though with only 80 sales and a typical of $142,625 that rate showed a small sample. The starter tier increased about 7% on stronger volume (516 sales, up approximately 6%), and almost half of those homes sold above list. Luxury homes ($1.54 M typical) got a more moderate 4% but sold six days faster than a year ago, with above-list activity climbing up 4 portion points.
The Non-luxury and high tiers both got about 6%, though Non-luxury volume dropped roughly 9%, likely a sign of constrained stock at that cost point rather than compromising demand, given that above-list rates held stable. Throughout all tiers, days on market fell or held flat other than at the lowest and starter levels, where homes sat a little longer. Buyers at every price point found competitors, however the upper tiers offered the fastest pace.
How Purchasers and Sellers Can Browse Lake County’s Market
If you’re buying in Lake County, funding readiness was the deciding factor in June. Majority of homes went under contract within 2 weeks, and the normal sale closed above asking. Get completely pre-approved, not just pre-qualified– before you begin exploring, since competitive offers needed evidence of funds or locked rates. The bright side: new listings rose about 17%, so you had more choices than at any point in the previous two years. Usage that choice to be strategic, but do not error more options for more time.
If you’re selling, the data confirmed that the market rewarded realistic pricing. Houses sold for about 1% above list on average, and just 11% of active listings carried a cost cut. Well-positioned listings brought in offers within days– the mean time on market was just 46, and months of supply sat at just over 2. Overpricing was the primary threat: with need this strong, a home that lingers sticks out for the wrong factors while correctly located rivals move.
Lake County, IL Market Data by City
Rolling three-month period (April-June 2026). Cities with 50+ sales shown.
| City | Average Sale Price (YoY) | Offered | New List. | Active | DOM | % Above | Supply |
| Buffalo Grove | $429,766 (-2.7% YoY) | 183 | 248 | 350 | 47 | 56.5% | 2.5 |
| Highland Park | $874,524 (+6.0% YoY) | 153 | 185 | 265 | 35 | 56.5% | 2.1 |
| Waukegan | $262,357 (+7.5% YoY) | 137 | 168 | 265 | 47 | 54.6% | 2.6 |
| Mundelein | $427,757 (+12.3% YoY) | 118 | 167 | 227 | 49 | 45.3% | 2.8 |
| Gurnee | $399,782 (+3.2% YoY) | 112 | 136 | 203 | 47 | 50.6% | 2.5 |
| Lake Forest | $1,399,239 (-1.0% YoY) | 98 | 96 | 172 | 50 | 53.2% | 2.1 |
| Vernon Hills | $460,749 (+0.7% YoY) | 94 | 127 | 181 | 44 | 42.5% | 2.3 |
| Grayslake | $394,785 (+22.0% YoY) | 91 | 120 | 168 | 42 | 59.7% | 2.5 |
| Deerfield | $678,631 (-4.4% YoY) | 88 | 126 | 165 | 35 | 52.4% | 2.2 |
| Libertyville | $674,633 (+11.5% YoY) | 87 | 128 | 168 | 38 | 50.7% | 2.6 |
| Round Lake Beach | $284,845 (-1.6% YoY) | 79 | 84 | 143 | 47 | 59.9% | 2.4 |
| Lake Zurich | $534,709 (+6.9% YoY) | 76 | 80 | 125 | 42 | 71.8% | 1.8 |
| Round Lake | $304,834 (-16.0% YoY) | 72 | 89 | 131 | 44 | 45.8% | 2.1 |
| Zion | $270,103 (+3.9% YoY) | 61 | 75 | 129 | 48 | 63.5% | 3.1 |
| Fox Lake | $237,696 (-6.0% YoY) | 61 | 103 | 150 | 49 | 35.1% | 4.1 |
| Wauconda | $369,799 (-16.0% YoY) | 60 | 70 | 117 | 50 | 28.9% | 2.7 |
| Lindenhurst | $389,788 (+2.6% YoY) | 59 | 81 | 111 | 43 | 58.7% | 2.8 |
| Antioch | $397,284 (-0.4% YoY) | 53 | 77 | 123 | 45 | 54.0% | 3.5 |
| Volo | $356,796 (-8.0% YoY) | 52 | 51 | 89 | 65 | 37.3% | 2.2 |
This article has been generated, in whole or in part, using generative artificial intelligence (AI) innovation, with input from Redfin head of financial research Chen Zhao. While efforts have actually been made to guarantee the accuracy and dependability of this info, you should individually verify all information, truths, and citations included in this post before depending on it for any purpose. This details is not a replacement for recommendations from a property representative, monetary advisor, or other licensed professional. County-level information is not seasonally changed. Examine the Redfin Data Center for additional extensive housing market data.