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Featured local agent — Lake Bluff, IL
Sarah Mitchell
Compass Real Estate · Lake Bluff, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake Bluff, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.72Mmedian sale price
How is the Lake Bluff, IL housing market right now?
The median home sale price in Lake Bluff, IL is $1.72M, up 82.0% year-over-year. Homes sell in an average of 42 days with 22 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 Lake Bluff a buyer's or seller's market?
Lake Bluff, IL is currently a seller's market, based on 2.0 months of supply and homes selling in about 42 days. How we determine this →
Homes sold
11
Last 12 weeks
Days on market
42
Average pace
Active listings
22
2.0 months supply
Sale-to-list
100.8%
Above asking
What does the Lake Bluff housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.72M |
| Median list price | $899,950 |
| Year-over-year price change | +82.0% |
| Average days on market | 42 days |
| Active inventory | 22 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 100.8% |
| Median price per sq ft | $475/sq ft |
| Homes sold (latest month) | 11 |
| New listings (latest month) | 10 |
| Listings with a price cut | 13.6% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lake Bluff by property type?
How the Lake Bluff, 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 | $1.72M | $475/sq ft | 9 | 33 days |
| Condo / Co-op | $1.76M | $584/sq ft | 1 | 464 days |
| Townhouse | $550,000 | $413/sq ft | 1 | 48 days |
Source: Redfin · Updated monthly
The Lake Bluff housing market is currently classified as a seller's market with a median sale price of $1.72M. Prices have risen 82.0% compared to last year, with homes spending an average of 42 days on market, indicating 2.0 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 3.2x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Lake Bluff
There are currently 22 homes listed for sale in Lake Bluff, Illinois. The median listing price is $900K.
Active listings
22
Homes on market
Median list price
$900K
Avg. days on market
42
Days until sale
New this week
10
Newly listed
Who lives in Lake Bluff?
Population
5,834
Median income
$205,735/yr
Median age
44.9 years
Owner-occupied
91.5%
College grads
81.8%
Avg commute
27.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Lake Bluff?
Zillow home value
$660,318
Zillow rent index
$1,965/mo
Price-to-rent ratio
28.0x
Price-to-income
3.2x
Source: Zillow Research
What is it like to live in Lake Bluff?
Lake Bluff is a community of approximately 6K residents with a median age of 44.9 years.The median household income is $205,735, which reflects a relatively affluent area with strong earning potential. 81.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 91.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 27.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lake Bluff offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lake Bluff?
2 schools tracked · 881 students
The largest public schools serving Lake Bluff, 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.
Lake Bluff Elem Sch
Grades PK-5 · 592 students
Lake Bluff Middle School
Grades 6-8 · 289 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 Lake Bluff, IL?
Want a head-to-head view? Compare Lake Bluff side-by-side with any other U.S. city using our market-comparison tool.
Is Lake Bluff a good real estate investment market?
For investors evaluating Lake Bluff, the price-to-rent ratio of 28.0x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 82.0% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Lake Bluff's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Lake Bluff's median home price.
Frequently asked questions
What is the average home price in Lake Bluff?
The median home sale price in Lake Bluff is $1.72M, up 82.0% from last year.
How long do homes stay on market in Lake Bluff?
Homes typically spend 42 days on market before going under contract.
What is the median income in Lake Bluff?
The median household income is $205,735 per year.
Is Lake Bluff a buyer's or seller's market?
With 2.0 months of supply, Lake Bluff is currently a seller's market.
What is the Zillow home value estimate for Lake Bluff?
The Zillow Home Value Index (ZHVI) for Lake Bluff is $660,318, representing the typical home value in the area.
What is the median condo price in Lake Bluff?
The median condo/co-op sale price in Lake Bluff, IL is $1.76M, compared to $1.72M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lake Bluff?
The median single-family home price in Lake Bluff, IL is $1.72M (about $475 per square foot).
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