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Island Lake, IL Real Estate & Property Data

Island Lake Real Estate Market Trends

Last Updated: April 19, 2024

Accurate and comprehensive real estate data is critical for insight into Island Lake, IL. ATTOM’s Island Lake real estate data is updated daily, and current market trends show that in Island Lake, IL a total of 157 residential properties have sold over the past year. With a median home price of $239,750 in Island Lake and a total of 2 foreclosures. Get detailed property data for Island Lake, IL instantly. ATTOM is your one-stop-shop for the Island Lake property reports and real estate data you need in Island Lake, IL.

Island Lake Real Estate Market Trends

Get property data for any address in Island Lake, IL or the country:

Total Residential Properties 3,342

Total Commercial Properties 102

Avg. Home Age (Single Family Home) 44 Years

Avg. Square Feet (Single Family Home) 1,537

Total 2024 Residential Sales (year-to-date) 21

% of Homes Seriously Underwater (Q2 2024) 0.66%

Total 2023 Residential Sales 141

% of Equity Rich Homes (Q2 2024) 45.9%

Effective 2023 Property Tax 1.99%

Total Foreclosure Filings (year-to-date) 6

Island Lake, IL Real Estate Overview

There were 157 residential properties sold in the past year in Island Lake, IL. The median home value in Island Lake, IL is $266,164. There are a total of 3,342 residential properties in the Island Lake.

Median Sales Price i

$239,750

(Feb 2024)

-30.4%

year-over-year

y-o-y

February '24 Feb '24 $239,750
January '24 Jan '24 $225,750
December '23 Dec '23 $238,250
November '23 Nov '23 $267,500
October '23 Oct '23 $222,500
September '23 Sep '23 $262,000
August '23 Aug '23 $297,500
July '23 Jul '23 $245,000
June '23 Jun '23 $205,000
May '23 May '23 $240,000
April '23 Apr '23 $260,000
March '23 Mar '23 $231,000

Median Down Payment i

$30,574

(Feb 2024)

+7.5%

year-over-year

y-o-y

February '24 Feb '24 $30,574
January '24 Jan '24 $22,225
December '23 Dec '23 $9,386
November '23 Nov '23 $15,000
October '23 Oct '23 $10,675
September '23 Sep '23 $18,925
August '23 Aug '23 $28,437
July '23 Jul '23 $55,500
June '23 Jun '23 $18,086
May '23 May '23 $20,000
April '23 Apr '23 $5,525
March '23 Mar '23 $47,000

Number of Homes Sold i

13

(Feb 2024)

+85.7%

year-over-year

y-o-y

February '24 Feb '24 13
January '24 Jan '24 8
December '23 Dec '23 9
November '23 Nov '23 14
October '23 Oct '23 13
September '23 Sep '23 16
August '23 Aug '23 16
July '23 Jul '23 9
June '23 Jun '23 19
May '23 May '23 20
April '23 Apr '23 7
March '23 Mar '23 6

Number of Purchase Loans i

12

(Feb 2024)

+500%

year-over-year

y-o-y

February '24 Feb '24 12
January '24 Jan '24 12
December '23 Dec '23 11
November '23 Nov '23 13
October '23 Oct '23 15
September '23 Sep '23 19
August '23 Aug '23 15
July '23 Jul '23 11
June '23 Jun '23 19
May '23 May '23 21
April '23 Apr '23 7
March '23 Mar '23 5

Number of REFI Loans i

2

(Feb 2024)

-50%

year-over-year

y-o-y

February '24 Feb '24 2
January '24 Jan '24 10
December '23 Dec '23 4
November '23 Nov '23 6
October '23 Oct '23 7
September '23 Sep '23 7
August '23 Aug '23 8
July '23 Jul '23 4
June '23 Jun '23 4
May '23 May '23 5
April '23 Apr '23 3
March '23 Mar '23 11

Number of HELOC Loans i

4

(Feb 2024)

+33.3%

year-over-year

y-o-y

February '24 Feb '24 4
January '24 Jan '24 2
December '23 Dec '23 4
November '23 Nov '23 3
October '23 Oct '23 4
September '23 Sep '23 5
August '23 Aug '23 4
July '23 Jul '23 4
June '23 Jun '23 5
May '23 May '23 4
April '23 Apr '23 5
March '23 Mar '23 2

Island Lake, IL Real Estate Market Overview

Last 30 days

Zip
Median Est. Value

60042
$266,164 $173.14/sqft

Island Lake, IL Foreclosure Activity

There were a total of 2 Island Lake, IL properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i

2

(Feb 2024)

February '24 Feb '24 2
January '24 Jan '24 4
December '23 Dec '23 4
November '23 Nov '23 2
October '23 Oct '23 N/A
September '23 Sep '23 N/A
August '23 Aug '23 2
July '23 Jul '23 N/A
June '23 Jun '23 2
May '23 May '23 2
April '23 Apr '23 2
March '23 Mar '23 3

Foreclosure Starts i

2

(Feb 2024)

February '24 Feb '24 2
January '24 Jan '24 2
December '23 Dec '23 1
November '23 Nov '23 1
October '23 Oct '23 N/A
September '23 Sep '23 N/A
August '23 Aug '23 1
July '23 Jul '23 N/A
June '23 Jun '23 1
May '23 May '23 1
April '23 Apr '23 2
March '23 Mar '23 2

Completed Foreclosures (REOs) i

February '24 Feb '24 N/A
January '24 Jan '24 N/A
December '23 Dec '23 N/A
November '23 Nov '23 N/A
October '23 Oct '23 N/A
September '23 Sep '23 N/A
August '23 Aug '23 N/A
July '23 Jul '23 1
June '23 Jun '23 2
May '23 May '23 N/A
April '23 Apr '23 N/A
March '23 Mar '23 1

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