Lake County, IL metro area Housing Market
Cool MarketComprehensive housing market data for the Lake County, IL metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$371K
↑ 3.1% YoY
Days on Market
49 days
– 0.0% YoY
Active Inventory
1,819
↓ 3.8% YoY
Homes Sold
695
↓ 0.6% YoY
Cool Market
Buyer activity is slowing, creating more negotiating room.
Lake County, IL metro area Market Summary
The Lake County, IL metro area housing market is cooling down. As of March 2026, the median home sale price is $371K, up 3.1% year-over-year. Homes are spending a median of 49 days on the market, 0.0% shorter than a year ago.
There are 1,819 homes for sale — 3.8% fewer than last year. With 2.6 months of supply, this is a seller's market. 1,060 new listings were added during this period, up 12.2% year-over-year.
Homes are selling for 99.8% of their list price on average, suggesting room for negotiation. 39.7% of homes sell above their asking price. 13.7% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
65
Contributing Factors
How This Market Compares
vs. National Median
vs. Illinois Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. Prices are 15% below the national median, which could indicate stronger cash flow potential.
Lake County, IL metro area Market Trends
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Detailed Market Metrics
Median List Price
$427K
Price per Sq Ft
$217
Sale-to-List Ratio
99.8%
Months of Supply
2.6
Sold Above List
39.7%
Price Drops
13.7%
New Listings
1,060
↑ 12.2% YoY
Pending Sales
1,109
Off Market in 2 Weeks
60.0%
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.