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.
In October 2025, Lake County, IL continued its strong real estate momentum with notable monthly gains across all property types. Detached single-family homes recorded the highest average price at $589,508, while condos saw the largest year-over-year jump, rising 30.1% to $348,321. Attached single-family homes and townhouses maintained steady growth, averaging $342,767 and $345,023, respectively. Overall, the average sales price for all property types reached $527,389, representing an impressive 18.6% increase compared to last year’s figures.
In October 2025, average market time in Lake County, IL varied by property type but remained competitive across the board. Detached single-family homes spent the longest time on the market at 44 days, while condos moved fastest, selling in just 22 days—a 24.1% decrease from last year. Townhouses and attached single-family homes recorded average market times of 32 days and 30 days, respectively. Overall, homes of all property types averaged 40 days on the market, reflecting a 14.3% month-over-month increase as inventory turnover remained steady in the county.
In October 2025, sellers in Lake County, IL continued to receive strong offers, with homes selling for an average of 97.8% of their original list price across all property types. Condos led the way, averaging 99.3%—up 2.5% from last month—while attached single-family homes and townhouses also performed well at 98.5% and 98.2%, respectively. Detached single-family homes averaged 97.6%. This monthly data highlights a competitive market environment where most properties are selling close to their asking price, especially in the condo segment.
In October 2025, months supply of homes for sale in Lake County, IL remained tight. Across all property types, the average supply was just 1.7 months, down 10.5% from last month and signaling fewer options for buyers. Detached single-family homes matched the overall average at 1.7 months, while condos were close behind at 1.6 months. Attached single-family homes and townhouses both reported a 1.4 month supply, indicating brisk inventory turnover. This monthly snapshot highlights ongoing low inventory and competitive conditions countywide.