Key Takeaways
- Lake County costs outpaced the nation by a large margin in June. The median sale value rose 6% 12 months over 12 months to $443,748, practically triple the nationwide price of value progress.
- Pending gross sales jumped 13% 12 months over 12 months—the strongest month-to-month achieve in over a 12 months—at the same time as stock grew 6% and new listings surged 17%.
- Greater than half of houses bought above record value, and the everyday itemizing went beneath contract inside two weeks, signaling persistent purchaser urgency.
Lake County, IL Housing Market Snapshot
| Median Sale Value | Pending Gross sales | Lively Listings | Days on Market | Bought Above Record |
| $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 housing market picked up pace in June. Costs posted their quickest annual achieve since early 2025, pending gross sales surged by double digits, and houses continued to promote above asking. A significant improve in new listings gave patrons extra to select from, however demand absorbed that offer so shortly that sellers remained firmly in management.
Be taught all the pieces it is advisable to know concerning the Lake County, IL housing market heading into late summer season, and what patrons and sellers can do to succeed.
U.S. Housing Market Snapshot
| Median Sale Value | Pending Gross sales | Lively Listings | Days on Market | Purchaser-Vendor Steadiness |
| $408,776 (+2.2% YoY) | 349,254 (+4.5% YoY) | 1,496,490 (+0.8% YoY) | 49 days (+1 day YoY) | Sellers outnumber patrons by 48.5% |
The nation as a complete noticed modest features: 2% value progress, about 5% extra pending gross sales, and flat stock. In Lake County, the cut up from nationwide traits was much more pronounced: native costs grew practically 3 times as quick, pending gross sales rose at triple the nationwide price, and houses bought three days quicker than the nationwide median.
“June marked a bump within the highway for the continued housing market restoration,” mentioned Chen Zhao, Redfin’s head of economics analysis. “Costs climbed quicker than in current months, and financial uncertainty and rising mortgage charges tied to struggle in Iran spooked some homebuyers and sellers. On a constructive be aware, dwelling gross sales trended upwards, and affordability improved as wages rose quicker than costs. There are pockets of competitors within the Midwest, Northeast, and Bay Space, however basically, shoppers are nonetheless struggling via a tough interval. Even so, economists nonetheless count on the market to slowly enhance within the coming years.”
Lake County Costs Climbed at Triple the Nationwide Tempo
Consumers getting into Lake County’s market in June paid a transparent premium over final 12 months. The median sale value reached $443,748, an about 6% improve from a 12 months in the past and practically triple the nationwide tempo of about 2%. Lake County has appreciated roughly 70% since early 2020, outpacing the nationwide achieve over the identical span. The median value per sq. foot rose about 6% 12 months over 12 months to $228, confirming that the worth improve mirrored real per-unit worth progress moderately than a shift within the mixture of houses promoting.
Value cuts remained unusual. Solely about 11% of lively listings carried a lowered asking value, and the everyday dwelling bought for roughly 1% above record. Sellers set real looking costs and patrons constantly met or exceeded them.
Pending Gross sales Surged as Consumers Re-Entered the Market
The median dwelling in Lake County spent simply 46 days on market earlier than going beneath contract—three days quicker than the nationwide median and solely in the future longer than a 12 months in the past. Greater than half of listings (55%) went beneath contract inside two weeks, in contrast with 31% nationally. That 24-percentage-point hole underscored the depth of native demand. The speed dipped barely from final 12 months’s 57%, however remained properly above pre-pandemic norms of 30–35%.
Pending gross sales rose about 13% 12 months over 12 months to 1,077, the biggest achieve since early 2025. Closed gross sales elevated roughly 4% to 976, confirming that the demand surge translated into precise transactions, not simply contracts. Consumers in Lake County wanted to behave shortly; well-priced listings have been absorbed earlier than they might accumulate available on the market.
New Provide Arrived however Consumers Saved Tempo
Regardless of extra houses hitting the market, provide nonetheless couldn’t sustain with demand. Lively listings rose about 6% 12 months over 12 months to three,251, and new listings jumped roughly 17% to 1,154, the biggest inflow of contemporary provide since mid-2021. Nationally, stock was primarily flat. Not like markets the place rising stock indicators weakening demand, Lake County’s provide improve coincided with a 13% surge in pending gross sales and a 4% achieve in closings. Sellers listed; patrons purchased quicker.
Months of provide sat at simply over 2—little modified from a 12 months in the past regardless of the stock achieve, and properly under the nationwide 3.7. That stage firmly favors sellers. Consumers encountered extra decisions than a 12 months in the past, however competitors for well-priced houses remained intense sufficient to maintain the market tightly balanced in sellers’ favor.
Higher Tiers Grew Steadily, Whereas the Backside Appreciated Quickest
| Value Tier | Median Value (YoY) | Bought (YoY) | DOM (YoY) | % Above Record (YoY) |
| Luxurious (prime 5%) | $1,540,568 (+4.4%) | 132 (-7.7%) | 53 days (-6 days) | 35.6% (+4.1 ppt) |
| Excessive (Sixty fifth-Ninety fifth%) | $671,441 (+6.4%) | 760 (+0.4%) | 45 days (-3 days) | 51.2% (+1.4 ppt) |
| Non-luxury (Thirty fifth-Sixty fifth%) | $380,825 (+6.2%) | 595 (-9.4%) | 46 days (-2 days) | 48.6% (+0.6 ppt) |
| Starter (Fifth-Thirty fifth%) | $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 knowledge • Rolling three-month interval (March-Could 2026)
The underside tier climbed quickest at about 17%, although with solely 80 gross sales and a median of $142,625 that price mirrored a small pattern. The starter tier rose about 7% on stronger quantity (516 gross sales, up roughly 6%), and practically half of these houses bought above record. Luxurious houses ($1.54M median) gained a extra average 4% however bought six days quicker than a 12 months in the past, with above-list exercise climbing 4 proportion factors.
The Non-luxury and excessive tiers each gained about 6%, although Non-luxury quantity dropped roughly 9%, possible an indication of constrained stock at that value level moderately than weakening demand, on condition that above-list charges held regular. Throughout all tiers, days on market fell or held flat besides on the lowest and starter ranges, the place houses sat barely longer. Consumers at each value level discovered competitors, however the higher tiers provided the quickest tempo.
How Consumers and Sellers Can Navigate Lake County’s Market
If you happen to’re shopping for in Lake County, financing readiness was the deciding think about June. Greater than half of houses went beneath contract inside two weeks, and the everyday sale closed above asking. Get totally pre-approved, not simply pre-qualified—earlier than you start touring, as a result of aggressive affords required proof of funds or locked charges. The excellent news: new listings rose about 17%, so that you had extra decisions than at any level up to now two years. Use that choice to be strategic, however don’t mistake extra choices for extra time.
If you happen to’re promoting, the information confirmed that the market rewarded real looking pricing. Properties bought for about 1% above record on common, and solely 11% of lively listings carried a value minimize. Effectively-positioned listings attracted affords inside days—the median time on market was simply 46, and months of provide sat at simply over 2. Overpricing was the first danger: with demand this sturdy, a house that lingers stands out for the fallacious causes whereas accurately positioned opponents transfer.
Lake County, IL Market Information by Metropolis
Rolling three-month interval (April-June 2026). Cities with 50+ gross sales proven.
| Metropolis | Median Sale Value (YoY) | Bought | New Record. | Lively | DOM | % Above | Provide |
| 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 |
| Spherical Lake Seashore | $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 | 123 | 45 | 54.0% | 3.5 |
| Volo | $356,796 (-8.0% YoY) | 52 | 51 | 89 | 65 | 37.3% | 2.2 |
This text has been generated, in complete or partially, utilizing generative synthetic intelligence (AI) know-how, with enter from Redfin head of financial analysis Chen Zhao. Whereas efforts have been made to make sure the accuracy and reliability of this info, you must independently confirm all knowledge, information, and citations contained on this article earlier than counting on it for any objective. This info just isn’t an alternative to recommendation from an actual property agent, monetary advisor, or different licensed skilled. County-level knowledge just isn’t seasonally adjusted. Examine the Redfin Information Middle for added in-depth housing market knowledge.
