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Featured local agent — Fox Lake, IL
Sarah Mitchell
Compass Real Estate · Fox Lake, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Fox Lake, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$244,963median sale price
How is the Fox Lake, IL housing market right now?
The median home sale price in Fox Lake, IL is $244,963, down 4.1% year-over-year. Homes sell in an average of 47 days with 54 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 Fox Lake a buyer's or seller's market?
Fox Lake, IL is currently a seller's market, based on 1.8 months of supply and homes selling in about 47 days. How we determine this →
Homes sold
30
Last 12 weeks
Days on market
47
Average pace
Active listings
54
1.8 months supply
Sale-to-list
99.3%
Below asking
What does the Fox Lake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $244,963 |
| Median list price | $320,000 |
| Year-over-year price change | -4.1% |
| Average days on market | 47 days |
| Active inventory | 54 listings |
| Months of supply | 1.8 months |
| Sale-to-list price ratio | 99.3% |
| Median price per sq ft | $187/sq ft |
| Homes sold (latest month) | 30 |
| New listings (latest month) | 34 |
| Listings with a price cut | 13.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Fox Lake by property type?
How the Fox 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 | $355,000 | $220/sq ft | 13 | 49 days |
| Condo / Co-op | $138,000 | $182/sq ft | 9 | 43 days |
| Townhouse | $245,000 | $189/sq ft | 8 | 43 days |
Source: Redfin · Updated monthly
The Fox Lake housing market is currently classified as a seller's market with a median sale price of $244,963. Prices have fallen 4.1% compared to last year, with homes spending an average of 47 days on market, indicating 1.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.7x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Fox Lake
There are currently 54 homes listed for sale in Fox Lake, Illinois. The median listing price is $320K.
Active listings
54
Homes on market
Median list price
$320K
Avg. days on market
47
Days until sale
New this week
34
Newly listed
Who lives in Fox Lake?
Population
10,872
Median income
$69,896/yr
Median age
43.3 years
Owner-occupied
66.2%
College grads
23.2%
Avg commute
34.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Fox Lake?
Zillow home value
$256,884
Zillow rent index
$2,025/mo
Price-to-rent ratio
10.6x
Price-to-income
3.7x
Source: Zillow Research
What is it like to live in Fox Lake?
Fox Lake is a community of approximately 11K residents with a median age of 43.3 years.The median household income is $69,896, which represents a working-class community with solid middle-income opportunities. 23.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 66.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 34.8 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Fox Lake offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Fox Lake?
2 schools tracked · 2,085 students
The largest public schools serving Fox Lake, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Grant Community High School
Grades 9-12 · 1,814 students
Stanton School
Grades 5-8 · 271 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Fox Lake, IL?
Want a head-to-head view? Compare Fox Lake side-by-side with any other U.S. city using our market-comparison tool.
Is Fox Lake a good real estate investment market?
For investors evaluating Fox Lake, the price-to-rent ratio of 10.6x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 4.1% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Fox Lake's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Fox Lake's median home price.
Frequently asked questions
What is the average home price in Fox Lake?
The median home sale price in Fox Lake is $244,963, down 4.1% from last year.
How long do homes stay on market in Fox Lake?
Homes typically spend 47 days on market before going under contract.
What is the median income in Fox Lake?
The median household income is $69,896 per year.
Is Fox Lake a buyer's or seller's market?
With 1.8 months of supply, Fox Lake is currently a seller's market.
What is the Zillow home value estimate for Fox Lake?
The Zillow Home Value Index (ZHVI) for Fox Lake is $256,884, representing the typical home value in the area.
What is the median condo price in Fox Lake?
The median condo/co-op sale price in Fox Lake, IL is $138,000, compared to $355,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Fox Lake?
The median single-family home price in Fox Lake, IL is $355,000 (about $220 per square foot).
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