Island Lake, IL
Housing market overview · Updated weekly
$245,000median sale price
Homes sold
7
Last 12 weeks
Days on market
37
Average pace
Active listings
12
1.7 months supply
Sale-to-list
95.5%
Below asking
The Island Lake housing market is currently classified as a seller's market with a median sale price of $245,000. Prices have risen 1.0% compared to last year, with homes spending an average of 37 days on market, indicating 1.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Island Lake
There are currently 12 homes listed for sale in Island Lake, Illinois. The median listing price is $337K.
Active listings
12
Homes on market
Median list price
$337K
Avg. days on market
37
Days until sale
New this week
8
Newly listed
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Frequently asked questions
What is the average home price in Island Lake?
The median home sale price in Island Lake is $245,000, up 1.0% from last year.
How long do homes stay on market in Island Lake?
Homes typically spend 37 days on market before going under contract.
Is Island Lake a buyer's or seller's market?
With 1.7 months of supply, Island Lake is currently a seller's market.
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