Lake County, IL Real Estate & Property Data

Lake County Real Estate Market Trends
Last Updated: February 26, 2024

With up-to-date real estate data get detailed insight into Lake County, IL sourced from the nation’s leading property data provider. The current median home price in Lake County, IL is $360,000. Lake County real estate data shows that there have been a total of 9,937 residential properties sold over the past 12 months. ATTOM’s Lake County real estate data indicates that the county has 109 properties in foreclosure and 8 REOs (real estate bank owned) properties.

Lake County Real Estate Market Trends
Total Residential Properties 225,240
Total Commercial Properties 15,568
Avg. Home Age (Single Family Home) 49 Years
Avg. Square Feet (Single Family Home) 2,086
Total 2024 Residential Sales (year-to-date) N/A
% of Homes Seriously Underwater (Q1 2024) 1%
Total 2023 Residential Sales 9,215
% of Equity Rich Homes (Q1 2024) 38.03%
Effective 2023 Property Tax 2.22%
Total Foreclosure Filings (year-to-date) N/A
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Lake County, IL Real Estate Overview

There were 9,937 residential properties sold in the past year in Lake County, IL. The median home value in Lake County, IL is $321,118. There are a total of 225,240 residential properties in the Lake.

Median Sales Price i
$360,000
(Dec 2023)
+5.9%
year-over-year
y-o-y
  • December '23 Dec '23 $360,000
  • November '23 Nov '23 $367,500
  • October '23 Oct '23 $360,000
  • September '23 Sep '23 $365,000
  • August '23 Aug '23 $375,000
  • July '23 Jul '23 $420,240
  • June '23 Jun '23 $392,000
  • May '23 May '23 $400,000
  • April '23 Apr '23 $375,000
  • March '23 Mar '23 $335,000
  • February '23 Feb '23 $327,500
  • January '23 Jan '23 $324,000
Median Down Payment i
$62,750
(Dec 2023)
+20.7%
year-over-year
y-o-y
  • December '23 Dec '23 $62,750
  • November '23 Nov '23 $62,850
  • October '23 Oct '23 $64,625
  • September '23 Sep '23 $67,750
  • August '23 Aug '23 $64,000
  • July '23 Jul '23 $77,460
  • June '23 Jun '23 $66,600
  • May '23 May '23 $74,040
  • April '23 Apr '23 $55,030
  • March '23 Mar '23 $40,625
  • February '23 Feb '23 $44,580
  • January '23 Jan '23 $47,000
Number of Homes Sold i
659
(Dec 2023)
-8.7%
year-over-year
y-o-y
  • December '23 Dec '23 659
  • November '23 Nov '23 613
  • October '23 Oct '23 772
  • September '23 Sep '23 939
  • August '23 Aug '23 969
  • July '23 Jul '23 732
  • June '23 Jun '23 1,233
  • May '23 May '23 762
  • April '23 Apr '23 646
  • March '23 Mar '23 732
  • February '23 Feb '23 470
  • January '23 Jan '23 688
Number of Purchase Loans i
460
(Dec 2023)
-16.2%
year-over-year
y-o-y
  • December '23 Dec '23 460
  • November '23 Nov '23 480
  • October '23 Oct '23 598
  • September '23 Sep '23 750
  • August '23 Aug '23 786
  • July '23 Jul '23 607
  • June '23 Jun '23 1,048
  • May '23 May '23 616
  • April '23 Apr '23 532
  • March '23 Mar '23 597
  • February '23 Feb '23 377
  • January '23 Jan '23 560
Number of REFI Loans i
213
(Dec 2023)
-5.3%
year-over-year
y-o-y
  • December '23 Dec '23 213
  • November '23 Nov '23 283
  • October '23 Oct '23 274
  • September '23 Sep '23 284
  • August '23 Aug '23 339
  • July '23 Jul '23 267
  • June '23 Jun '23 343
  • May '23 May '23 290
  • April '23 Apr '23 242
  • March '23 Mar '23 271
  • February '23 Feb '23 192
  • January '23 Jan '23 213
Number of HELOC Loans i
181
(Dec 2023)
-20.3%
year-over-year
y-o-y
  • December '23 Dec '23 181
  • November '23 Nov '23 221
  • October '23 Oct '23 277
  • September '23 Sep '23 253
  • August '23 Aug '23 266
  • July '23 Jul '23 190
  • June '23 Jun '23 261
  • May '23 May '23 252
  • April '23 Apr '23 190
  • March '23 Mar '23 224
  • February '23 Feb '23 162
  • January '23 Jan '23 207

Lake County, IL Real Estate Market Overview

Last 30 days
  • City
    Median Est. Value
  • City
    Median Est. Value
  • City
    Median Est. Value

Lake County, IL Foreclosure Activity

There were a total of 109 Lake County, IL properties with a foreclosure filing in December 2023. Lenders started the foreclosure process on 80 Lake County, IL properties and repossessed 8 Lake County, IL properties through completed foreclosures (REOs) in December 2023.

Total Foreclosure Filings i
109
(Dec 2023)
-9.9%
year-over-year
y-o-y
  • December '23 Dec '23 109
  • November '23 Nov '23 66
  • October '23 Oct '23 67
  • September '23 Sep '23 107
  • August '23 Aug '23 94
  • July '23 Jul '23 130
  • June '23 Jun '23 158
  • May '23 May '23 131
  • April '23 Apr '23 128
  • March '23 Mar '23 58
  • February '23 Feb '23 70
  • January '23 Jan '23 106
Foreclosure Starts i
80
(Dec 2023)
+2.6%
year-over-year
y-o-y
  • December '23 Dec '23 80
  • November '23 Nov '23 34
  • October '23 Oct '23 58
  • September '23 Sep '23 74
  • August '23 Aug '23 52
  • July '23 Jul '23 94
  • June '23 Jun '23 111
  • May '23 May '23 95
  • April '23 Apr '23 109
  • March '23 Mar '23 30
  • February '23 Feb '23 43
  • January '23 Jan '23 67
Completed Foreclosures (REOs) i
8
(Dec 2023)
-33.3%
year-over-year
y-o-y
  • December '23 Dec '23 8
  • November '23 Nov '23 8
  • October '23 Oct '23 22
  • September '23 Sep '23 24
  • August '23 Aug '23 16
  • July '23 Jul '23 22
  • June '23 Jun '23 21
  • May '23 May '23 22
  • April '23 Apr '23 28
  • March '23 Mar '23 25
  • February '23 Feb '23 25
  • January '23 Jan '23 25
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