Lake County, IL Real Estate & Property Data

Lake County Real Estate Market Trends
Last Updated: March 19, 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 $327,000. Lake County real estate data shows that there have been a total of 9,978 residential properties sold over the past 12 months. ATTOM’s Lake County real estate data indicates that the county has 105 properties in foreclosure and 23 REOs (real estate bank owned) properties.

Lake County Real Estate Market Trends
Total Residential Properties 225,261
Total Commercial Properties 15,567
Avg. Home Age (Single Family Home) 49 Years
Avg. Square Feet (Single Family Home) 2,086
Total 2024 Residential Sales (year-to-date) 762
% of Homes Seriously Underwater (Q1 2024) 0.95%
Total 2023 Residential Sales 9,216
% of Equity Rich Homes (Q1 2024) 39.25%
Effective 2023 Property Tax 2.17%
Total Foreclosure Filings (year-to-date) 105
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Lake County, IL Real Estate Overview

There were 9,978 residential properties sold in the past year in Lake County, IL. The median home value in Lake County, IL is $327,205. There are a total of 225,261 residential properties in the Lake.

Median Sales Price i
$327,000
(Jan 2024)
+0.9%
year-over-year
y-o-y
  • January '24 Jan '24 $327,000
  • 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
Median Down Payment i
$52,500
(Jan 2024)
+11.7%
year-over-year
y-o-y
  • January '24 Jan '24 $52,500
  • 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
Number of Homes Sold i
762
(Jan 2024)
+10.8%
year-over-year
y-o-y
  • January '24 Jan '24 762
  • December '23 Dec '23 659
  • November '23 Nov '23 613
  • October '23 Oct '23 773
  • 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
Number of Purchase Loans i
602
(Jan 2024)
+7.5%
year-over-year
y-o-y
  • January '24 Jan '24 602
  • 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
Number of REFI Loans i
343
(Jan 2024)
+61%
year-over-year
y-o-y
  • January '24 Jan '24 343
  • 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
Number of HELOC Loans i
243
(Jan 2024)
+17.4%
year-over-year
y-o-y
  • January '24 Jan '24 243
  • 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

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 105 Lake County, IL properties with a foreclosure filing in January 2024. Lenders started the foreclosure process on 81 Lake County, IL properties and repossessed 23 Lake County, IL properties through completed foreclosures (REOs) in January 2024.

Total Foreclosure Filings i
105
(Jan 2024)
-0.9%
year-over-year
y-o-y
  • January '24 Jan '24 105
  • 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
Foreclosure Starts i
81
(Jan 2024)
+20.9%
year-over-year
y-o-y
  • January '24 Jan '24 81
  • 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
Completed Foreclosures (REOs) i
23
(Jan 2024)
-8%
year-over-year
y-o-y
  • January '24 Jan '24 23
  • 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
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