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Featured local agent — Channel Lake, IL
Sarah Mitchell
Compass Real Estate · Channel Lake, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Channel Lake, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$350,000median sale price
How is the Channel Lake, IL housing market right now?
The median home sale price in Channel Lake, IL is $350,000, up 20.3% year-over-year. Homes sell in an average of 50 days with 10 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Channel Lake a buyer's or seller's market?
Channel Lake, IL is currently a seller's market, based on 1.4 months of supply and homes selling in about 50 days. How we determine this →
Homes sold
7
Last 12 weeks
Days on market
50
Average pace
Active listings
10
1.4 months supply
Sale-to-list
98.8%
Below asking
What does the Channel Lake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $350,000 |
| Median list price | $279,900 |
| Year-over-year price change | +20.3% |
| Average days on market | 50 days |
| Active inventory | 10 listings |
| Months of supply | 1.4 months |
| Sale-to-list price ratio | 98.8% |
| Median price per sq ft | $201/sq ft |
| Homes sold (latest month) | 7 |
| New listings (latest month) | 6 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Channel Lake by property type?
How the Channel Lake, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $350,000 | $201/sq ft | 7 | 50 days |
Source: Redfin · Updated monthly
The Channel Lake housing market is currently classified as a seller's market with a median sale price of $350,000. Prices have risen 20.3% compared to last year, with homes spending an average of 50 days on market, indicating 1.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Channel Lake
There are currently 10 homes listed for sale in Channel Lake, Illinois. The median listing price is $280K.
Active listings
10
Homes on market
Median list price
$280K
Avg. days on market
50
Days until sale
New this week
6
Newly listed
Who lives in Channel Lake?
Population
1,988
Median income
$63,958/yr
Median age
34.8 years
Owner-occupied
78.7%
College grads
19.9%
Avg commute
32.9 min
Source: U.S. Census Bureau ACS
What is it like to live in Channel Lake?
Channel Lake is a community of approximately 2K residents with a median age of 34.8 years.The median household income is $63,958, which represents a working-class community with solid middle-income opportunities. 19.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 78.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 32.9 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Channel Lake offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Channel Lake, IL?
Want a head-to-head view? Compare Channel Lake side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Channel Lake?
The median home sale price in Channel Lake is $350,000, up 20.3% from last year.
How long do homes stay on market in Channel Lake?
Homes typically spend 50 days on market before going under contract.
What is the median income in Channel Lake?
The median household income is $63,958 per year.
Is Channel Lake a buyer's or seller's market?
With 1.4 months of supply, Channel Lake is currently a seller's market.
How much does a single-family home cost in Channel Lake?
The median single-family home price in Channel Lake, IL is $350,000 (about $201 per square foot).
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