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Featured local agent — Lake Catherine, IL
Sarah Mitchell
Compass Real Estate · Lake Catherine, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake Catherine, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$269,500median sale price
How is the Lake Catherine, IL housing market right now?
The median home sale price in Lake Catherine, IL is $269,500, down 15.0% year-over-year. Homes sell in an average of 60 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 Catherine a buyer's or seller's market?
Lake Catherine, IL is currently a seller's market, based on 2.0 months of supply and homes selling in about 60 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
60
Average pace
Active listings
4
2.0 months supply
Sale-to-list
102.4%
Above asking
What does the Lake Catherine housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $269,500 |
| Median list price | $135,000 |
| Year-over-year price change | -15.0% |
| Average days on market | 60 days |
| Active inventory | 4 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 102.4% |
| Median price per sq ft | $220/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 1 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lake Catherine by property type?
How the Lake Catherine, 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 | $269,500 | $220/sq ft | 2 | 60 days |
Source: Redfin · Updated monthly
The Lake Catherine housing market is currently classified as a seller's market with a median sale price of $269,500. Prices have fallen 15.0% compared to last year, with homes spending an average of 60 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.
Homes for sale in Lake Catherine
There are currently 4 homes listed for sale in Lake Catherine, Illinois. The median listing price is $135K.
Active listings
4
Homes on market
Median list price
$135K
Avg. days on market
60
Days until sale
New this week
1
Newly listed
Who lives in Lake Catherine?
Population
1,091
Median income
$94,821/yr
Median age
50.5 years
Owner-occupied
78.3%
College grads
25.9%
Avg commute
32 min
Source: U.S. Census Bureau ACS
What is it like to live in Lake Catherine?
Lake Catherine is a community of approximately 1K residents with a median age of 50.5 years.The median household income is $94,821, which reflects a relatively affluent area with strong earning potential. 25.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 78.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 32 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Lake Catherine offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Lake Catherine, IL?
Want a head-to-head view? Compare Lake Catherine 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 Catherine?
The median home sale price in Lake Catherine is $269,500, down 15.0% from last year.
How long do homes stay on market in Lake Catherine?
Homes typically spend 60 days on market before going under contract.
What is the median income in Lake Catherine?
The median household income is $94,821 per year.
Is Lake Catherine a buyer's or seller's market?
With 2.0 months of supply, Lake Catherine is currently a seller's market.
How much does a single-family home cost in Lake Catherine?
The median single-family home price in Lake Catherine, IL is $269,500 (about $220 per square foot).
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