Vital factors
- Lake County costs considerably outperformed the nation in June. Median gross sales value elevated 6% 12 months over 12 months to $443,748, almost triple the nationwide value improve.
- Pending gross sales rose 13% year-over-year, the strongest month-to-month improve in a 12 months, regardless of a 6% improve in stock and a 17% improve in new listings.
- Greater than half of the properties promote for above checklist value, and properties usually go below contract inside two weeks, demonstrating a deep sense of purchaser impatience.
Snapshot of the Lake County, Illinois Housing Market
| Median promoting value | pending sale | lively checklist | Days on market | bought on checklist |
| $443,748 (+6.3% YoY) | 1,077 individuals (13.3% improve in comparison with the earlier 12 months) | 3,251 individuals (+5.6% in comparison with earlier 12 months) | 46 days (+1 day in comparison with earlier 12 months) | 51.1% (-2.5 ppt in comparison with earlier 12 months) |
Lake County’s housing market accelerated in June. Costs posted their highest annual price of improve since early 2025, pending gross sales elevated by double digits, and houses continued to promote above asking value. An enormous improve in new properties gave patrons extra choices to select from, however sellers remained firmly in management as demand rapidly absorbed that offer.
Be taught what you want to know concerning the Lake County, IL housing market as summer time involves an finish and what patrons and sellers can do to achieve success.
A snapshot of the US housing market
| Median promoting value | pending sale | lively checklist | Days on market | steadiness between patrons and sellers |
| $408,776 (+2.2% YoY) | 349,254 (+4.5% YoY) | 1,496,490 (+0.8% YoY) | 49 days (+1 day in comparison with earlier 12 months) | The variety of sellers outnumbers patrons by 48.5% |
The nation as an entire noticed a slight improve as costs rose 2%, pending gross sales rose about 5% and inventories have been flat. In Lake County, the departure from nationwide developments was much more pronounced. Native costs rose almost thrice sooner, pending gross sales rose thrice sooner than the nationwide price, and residential gross sales passed off three days sooner than the nationwide median value.
“June marked a crossroads within the continued restoration of the housing market,” he mentioned. Chen Zhao, Head of Financial Analysis at Redfin. “Costs rose sooner than in latest months, with financial uncertainty associated to the Iran struggle and rising mortgage charges spooking some dwelling patrons and sellers.On the brilliant facet, dwelling gross sales are trending upwards and wages have risen sooner than costs, serving to There are areas of competitors within the Midwest, Northeast, and Gulf Coast areas, however typically, shoppers are nonetheless weathering a troublesome interval. Nonetheless, economists count on the market to enhance progressively over the following few years.”
Costs in Lake County are rising thrice sooner than the nation.
Patrons who entered the Lake County market in June paid a transparent premium over final 12 months. The median gross sales value reached $443,748, up about 6% from a 12 months in the past and almost triple the nationwide tempo of about 2%. Lake County is up about 70% because the starting of 2020, outpacing the nationwide price of improve over the identical interval. Median value per sq. foot elevated roughly 6% year-over-year to $228, confirming that value will increase replicate true per-unit worth development reasonably than modifications within the mixture of properties bought.
Value reductions remained an uncommon scenario. Solely about 11% of lively listings had a decreased asking value, and the standard dwelling bought for about 1% greater than listed. Sellers set lifelike costs and patrons persistently meet or exceed these costs.
Pending gross sales surge as patrons re-enter the market
The median time for a house to promote in Lake County was simply 46 days from going below contract. That is three days sooner than the nationwide median and solely someday sooner than a 12 months in the past. Greater than half (55%) of properties went below contract inside two weeks, in comparison with 31% nationally. This 24 share level distinction highlighted the depth of native demand. That share was down barely from 57% final 12 months, however nonetheless nicely above the pre-pandemic norm of 30-35%.
Pending gross sales rose about 13% 12 months over 12 months to 1,077, the biggest improve since early 2025. Concluded gross sales elevated roughly 4% to 976, confirming that the fast improve in demand led to not solely contracts but additionally precise transactions. Lake County patrons needed to act quick. Costly listings have been absorbed earlier than they might accumulate in the marketplace.
New provides arrived, however patrons saved tempo
Although extra properties are in the marketplace, provide nonetheless can not sustain with demand. The variety of lively listings elevated by roughly 6% year-on-year to three,251, and the variety of new listings elevated by roughly 17% to 1,154, marking the biggest inflow of latest provide since mid-2021. Nationwide, inventories remained virtually flat. Not like markets the place elevated stock signifies weaker demand, Lake County’s elevated provide was matched by a 13% improve in pending gross sales and a 4% improve in closed gross sales. Vendor listed. Patrons purchased earlier.
The variety of months of provide remained at simply over two months, virtually unchanged from a 12 months in the past regardless of the rise in stock, and considerably decrease than the nationwide common of three.7 months. This stage is unquestionably advantageous for sellers. Though patrons have extra choices than a 12 months in the past, competitors for reasonably priced properties stays robust, retaining the market firmly balanced in favor of sellers.
The highest tier grew steadily, and the underside tier appreciated the quickest.
| value vary | Median value (YoY) | Offered (YoY) | DOM (YoY) | Proportion above checklist (YoY) |
| Luxurious items (high 5%) | $1,540,568 (+4.4%) | 132 (-7.7%) | 53 days (-6 days) | 35.6% (+4.1 ppt) |
| Excessive (65-95%) | $671,441 (+6.4%) | 760 (+0.4%) | 45 days (-3 days) | 51.2% (+1.4 ppt) |
| Non-luxury items (35-65%) | $380,825 (+6.2%) | 595 (-9.4%) | 46 days (-2 days) | 48.6% (+0.6 ppt) |
| Starter (5-35%) | $254,093 (+6.6%) | 516 (+5.7%) | 47 days (+1 day) | 46.7% (+3.1 ppt) |
| Backside (backside 5%) | $142,625 (+17.4%) | 80 (+8.1%) | 56 days (+4 days) | 31.3% (-5.2 ppt) |
Redfin Evaluation of MLS Information • Rolling 3-month interval (March-Could 2026)
The underside tier rose the quickest at about 17%, however with solely 80 gross sales and a median value of $142,625, this price mirrored a small pattern. The Starter tier was up about 7% as a consequence of elevated gross sales quantity (516 gross sales, up about 6%), with virtually half of the properties promoting above itemizing. Luxurious properties (median value $1.54 million) have been up 4%, however bought 6 days sooner than final 12 months, and exercise for the above checklist was up 4 share factors.
Non-luxury and luxurious items each elevated by about 6%, however non-luxury gross sales quantity decreased by about 9%. That is in all probability an indication of subdued stock at that value level reasonably than weak demand, provided that checklist charges have remained steady. Throughout all tiers, days on market decreased or remained flat, apart from the bottom and starter ranges, the place properties have been left barely longer. Patrons at each value level discovered competitors, however these on the high have been shopping for the quickest.
How patrons and sellers can navigate the Lake County market
Financing readiness grew to become a deciding issue for patrons in Lake County in June. Greater than half of the properties went below contract inside two weeks, and gross sales usually closed above asking value. Aggressive presents require proof of funds and/or fastened charges, so remember to not solely pre-qualify, however be absolutely pre-approved earlier than you start your tour. The excellent news is that the variety of new listings is up about 17%, so there are extra choices to select from than at any level prior to now two years. Use that selection strategically. However do not mistake extra choices for extra time.
When promoting, our information confirms that the market values lifelike pricing. Properties bought for about 1% above itemizing on common, and solely 11% of lively listings had value reductions. Properly-located properties attracted presents inside days. The median time in the marketplace was simply 46 years, with simply over two months of provide. The principle danger was excessive costs. When demand is that this robust, well-positioned rivals transfer in whereas the remaining properties stand out for the improper causes.
Lake County, Illinois Market Information by Metropolis
Rolling three-month interval (April to June 2026). Shows cities with 50 or extra gross sales.
| metropolis | Median gross sales value (YoY) | bought | New checklist. | lively | dom | % On high of that | provide |
| buffalo glove | $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 |
| gurney | $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 |
| glace lake | $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 |
| liberty constructing | $674,633 (+11.5% YoY) | 87 | 128 | 168 | 38 | 50.7% | 2.6 |
| spherical lake seaside | $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 |
| spherical 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 | one two three | 45 | 54.0% | 3.5 |
| Volo | $356,796 (-8.0% YoY) | 52 | 51 | 89 | 65 | 37.3% | 2.2 |
This text was created in entire or partially utilizing generative synthetic intelligence (AI) expertise with enter from Chen Zhao, Head of Financial Analysis at Redfin. Whereas efforts have been made to make sure the accuracy and reliability of this info, you must independently confirm all information, information, and quotes contained on this article earlier than counting on the data for any goal. This info shouldn’t be meant to substitute for recommendation from an actual property agent, monetary advisor, or different certified skilled. County-level information usually are not seasonally adjusted. For extra detailed housing market information, try the Redfin Information Middle.
