Lake County, IL Market Update - June 2023
If you’re thinking about selling your home or buying a new house, it's important to have a good understanding of what’s going on in the Lake County, IL market.
Knowing the most important data such as the average sales price, number of homes sold, and days on market will better prepare you to sell your home.
Our market report showcases everything you need to know about local real estate trends. So, let's get to it....
Home prices in Lake County continued to increase. Last month we saw a 4.4% increase in prices over last year. The number of homes coming to the market is still limited. In Lake County we saw a drop of 26% in the number of homes for sale month vs last year.
So, what does this mean? Slightly GOOD NEWS for buyers is that we are seeing a slight, very slight, decline in the number of buyers who are having to go well over list price to purchase the home.