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Featured local agent — Lake Camelot, IL
Sarah Mitchell
Compass Real Estate · Lake Camelot, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake Camelot, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$292,500median sale price
How is the Lake Camelot, IL housing market right now?
The median home sale price in Lake Camelot, IL is $292,500, down 8.6% year-over-year. Homes sell in an average of 27 days with 4 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 Camelot a buyer's or seller's market?
Lake Camelot, IL is currently a seller's market, based on 0.8 months of supply and homes selling in about 27 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
27
Average pace
Active listings
4
0.8 months supply
Sale-to-list
98.2%
Below asking
What does the Lake Camelot housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $292,500 |
| Median list price | $269,900 |
| Year-over-year price change | -8.6% |
| Average days on market | 27 days |
| Active inventory | 4 listings |
| Months of supply | 0.8 months |
| Sale-to-list price ratio | 98.2% |
| Median price per sq ft | $128/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 4 |
| Listings with a price cut | 25.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lake Camelot by property type?
How the Lake Camelot, 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 | $292,500 | $128/sq ft | 5 | 27 days |
Source: Redfin · Updated monthly
The Lake Camelot housing market is currently classified as a seller's market with a median sale price of $292,500. Prices have fallen 8.6% compared to last year, with homes spending an average of 27 days on market, indicating 0.8 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 Lake Camelot
There are currently 4 homes listed for sale in Lake Camelot, Illinois. The median listing price is $270K.
Active listings
4
Homes on market
Median list price
$270K
Avg. days on market
27
Days until sale
New this week
4
Newly listed
Who lives in Lake Camelot?
Population
1,744
Median income
$128,333/yr
Median age
40.4 years
Owner-occupied
100.0%
College grads
38.5%
Avg commute
23.1 min
Source: U.S. Census Bureau ACS
What is it like to live in Lake Camelot?
Lake Camelot is a community of approximately 2K residents with a median age of 40.4 years.The median household income is $128,333, which reflects a relatively affluent area with strong earning potential. 38.5% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 100.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 23.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lake Camelot offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Lake Camelot, IL?
Want a head-to-head view? Compare Lake Camelot side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lake Camelot?
The median home sale price in Lake Camelot is $292,500, down 8.6% from last year.
How long do homes stay on market in Lake Camelot?
Homes typically spend 27 days on market before going under contract.
What is the median income in Lake Camelot?
The median household income is $128,333 per year.
Is Lake Camelot a buyer's or seller's market?
With 0.8 months of supply, Lake Camelot is currently a seller's market.
How much does a single-family home cost in Lake Camelot?
The median single-family home price in Lake Camelot, IL is $292,500 (about $128 per square foot).
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