Hi Seller!
The graph below shows the average list price trends for residential properties in Lake County, IL—a helpful snapshot of how the local housing market is performing. Understanding these trends can guide you in timing your sale and setting the right price for your home. Whether you’re planning to list soon or simply monitoring the market, our team can help you interpret what these numbers mean for your property. Have questions or need expert advice? Reach out to Team Pimentel.
December 2025 market snapshot: Average sales prices moved upward across most property types. Attached single-family rose to $380,983 (+7.4%), detached single-family held steady at $414,027 (+0.1%), townhomes increased to $376,752 (+5.5%), and condos climbed to $386,427 (+8.1%). Overall, all property types averaged $403,524 (+2.3%), signaling continued price strength heading into the new year.
December 2025 update: Homes took slightly longer to sell month-to-month across most categories. Average market time increased to 51 days (+2.0%) for attached single-family, 52 days (+8.3%) for detached single-family, 42 days (+2.4%) for townhomes, and 57 days (+3.6%) for condos. Overall, all property types averaged 52 days (+8.3%), suggesting a modest slowdown in buyer decision-making compared to last month.
December 2025 pricing update: Homes closed slightly below their original list price across all categories, with a small month-to-month dip in negotiating strength. Attached single-family averaged 97.4% (-0.2%), detached single-family 96.6% (-0.3%), townhomes 97.8% (-0.4%), and condos 97.2% (-0.1%) of original list price. Overall, all property types closed at 96.8% (-0.3%), indicating buyers gained a bit more room to negotiate compared to last month.
December 2025 inventory update: Months of supply remained tight overall, with inventory thinning in several segments. Attached single-family dropped to 1.4 months (-12.5%), townhomes eased to 1.3 months (-7.1%), and condos declined to 1.4 months (-17.6%). Detached single-family held steady at 1.7 months (0.0%), keeping it the highest supply among the categories. Overall, all property types stayed at 1.6 months (0.0%), signaling a continued low-inventory environment.