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Featured local agent — Lake Villa, IL
Sarah Mitchell
Compass Real Estate · Lake Villa, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake Villa, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$415,000median sale price
How is the Lake Villa, IL housing market right now?
The median home sale price in Lake Villa, IL is $415,000, down 13.0% year-over-year. Homes sell in an average of 35 days with 23 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 Villa a buyer's or seller's market?
Lake Villa, IL is currently a seller's market, based on 2.6 months of supply and homes selling in about 35 days. How we determine this →
Homes sold
9
Last 12 weeks
Days on market
35
Average pace
Active listings
23
2.6 months supply
Sale-to-list
101.3%
Above asking
What does the Lake Villa housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $415,000 |
| Median list price | $437,500 |
| Year-over-year price change | -13.0% |
| Average days on market | 35 days |
| Active inventory | 23 listings |
| Months of supply | 2.6 months |
| Sale-to-list price ratio | 101.3% |
| Median price per sq ft | $153/sq ft |
| Homes sold (latest month) | 9 |
| New listings (latest month) | 10 |
| Listings with a price cut | 4.3% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lake Villa by property type?
How the Lake Villa, 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 | $415,000 | $153/sq ft | 9 | 35 days |
| Condo / Co-op | $335,000 | $123/sq ft | 1 | 30 days |
| Townhouse | $360,500 | $133/sq ft | 1 | 40 days |
Source: Redfin · Updated monthly
The Lake Villa housing market is currently classified as a seller's market with a median sale price of $415,000. Prices have fallen 13.0% compared to last year, with homes spending an average of 35 days on market, indicating 2.6 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 3.4x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Lake Villa
There are currently 23 homes listed for sale in Lake Villa, Illinois. The median listing price is $438K.
Active listings
23
Homes on market
Median list price
$438K
Avg. days on market
35
Days until sale
New this week
10
Newly listed
Who lives in Lake Villa?
Population
8,707
Median income
$111,110/yr
Median age
40.3 years
Owner-occupied
70.0%
College grads
48.6%
Avg commute
32.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Lake Villa?
Zillow home value
$382,314
Zillow rent index
$2,175/mo
Price-to-rent ratio
14.6x
Price-to-income
3.4x
Source: Zillow Research
What is it like to live in Lake Villa?
Lake Villa is a community of approximately 9K residents with a median age of 40.3 years.The median household income is $111,110, which reflects a relatively affluent area with strong earning potential. 48.6% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 70.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 32.6 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Lake Villa offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lake Villa?
7 schools tracked · 4,108 students
The largest public schools serving Lake Villa, 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.
Lakes Community High School
Grades 9-12 · 1,329 students
Peter J Palombi School
Grades 6-8 · 851 students
Oakland Elementary School
Grades K-5 · 540 students
Olive C Martin School
Grades PK-5 · 535 students
William L Thompson School
Grades PK-5 · 483 students
Pleviak Elem School
Grades K · 370 students
Allendale School
Grades 9-12
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 Villa, IL?
Want a head-to-head view? Compare Lake Villa side-by-side with any other U.S. city using our market-comparison tool.
Is Lake Villa a good real estate investment market?
For investors evaluating Lake Villa, the price-to-rent ratio of 14.6x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 13.0% 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 Lake Villa's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Lake Villa's median home price.
Frequently asked questions
What is the average home price in Lake Villa?
The median home sale price in Lake Villa is $415,000, down 13.0% from last year.
How long do homes stay on market in Lake Villa?
Homes typically spend 35 days on market before going under contract.
What is the median income in Lake Villa?
The median household income is $111,110 per year.
Is Lake Villa a buyer's or seller's market?
With 2.6 months of supply, Lake Villa is currently a seller's market.
What is the Zillow home value estimate for Lake Villa?
The Zillow Home Value Index (ZHVI) for Lake Villa is $382,314, representing the typical home value in the area.
What is the median condo price in Lake Villa?
The median condo/co-op sale price in Lake Villa, IL is $335,000, compared to $415,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lake Villa?
The median single-family home price in Lake Villa, IL is $415,000 (about $153 per square foot).
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