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Featured local agent — Lakemoor, IL
Sarah Mitchell
Compass Real Estate · Lakemoor, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lakemoor, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$365,000median sale price
How is the Lakemoor, IL housing market right now?
The median home sale price in Lakemoor, IL is $365,000, up 41.2% year-over-year. Homes sell in an average of 29 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 Lakemoor a buyer's or seller's market?
Lakemoor, IL is currently a seller's market, based on 3.3 months of supply and homes selling in about 29 days. How we determine this →
Homes sold
7
Last 12 weeks
Days on market
29
Average pace
Active listings
23
3.3 months supply
Sale-to-list
101.0%
Above asking
What does the Lakemoor housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $365,000 |
| Median list price | $244,950 |
| Year-over-year price change | +41.2% |
| Average days on market | 29 days |
| Active inventory | 23 listings |
| Months of supply | 3.3 months |
| Sale-to-list price ratio | 101.0% |
| Median price per sq ft | $205/sq ft |
| Homes sold (latest month) | 7 |
| New listings (latest month) | 9 |
| Listings with a price cut | 13.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lakemoor by property type?
How the Lakemoor, 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 | $376,000 | $216/sq ft | 5 | 29 days |
| Condo / Co-op | $250,000 | $149/sq ft | 1 | 26 days |
| Townhouse | $292,000 | $185/sq ft | 1 | 80 days |
Source: Redfin · Updated monthly
The Lakemoor housing market is currently classified as a seller's market with a median sale price of $365,000. Prices have risen 41.2% compared to last year, with homes spending an average of 29 days on market, indicating 3.3 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 3.0x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Lakemoor
There are currently 23 homes listed for sale in Lakemoor, Illinois. The median listing price is $245K.
Active listings
23
Homes on market
Median list price
$245K
Avg. days on market
29
Days until sale
New this week
9
Newly listed
Who lives in Lakemoor?
Population
5,878
Median income
$96,929/yr
Median age
38.5 years
Owner-occupied
60.7%
College grads
39.7%
Avg commute
33.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Lakemoor?
Zillow home value
$294,634
Zillow rent index
$1,965/mo
Price-to-rent ratio
12.5x
Price-to-income
3.0x
Source: Zillow Research
What is it like to live in Lakemoor?
Lakemoor is a community of approximately 6K residents with a median age of 38.5 years.The median household income is $96,929, which reflects a relatively affluent area with strong earning potential. 39.7% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 60.7%, showing a blend of owner and renter-occupied properties. The average commute time is 33.8 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Lakemoor offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Lakemoor, IL?
Want a head-to-head view? Compare Lakemoor side-by-side with any other U.S. city using our market-comparison tool.
Is Lakemoor a good real estate investment market?
For investors evaluating Lakemoor, the price-to-rent ratio of 12.5x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 41.2% 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 Lakemoor's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Lakemoor's median home price.
Frequently asked questions
What is the average home price in Lakemoor?
The median home sale price in Lakemoor is $365,000, up 41.2% from last year.
How long do homes stay on market in Lakemoor?
Homes typically spend 29 days on market before going under contract.
What is the median income in Lakemoor?
The median household income is $96,929 per year.
Is Lakemoor a buyer's or seller's market?
With 3.3 months of supply, Lakemoor is currently a seller's market.
What is the Zillow home value estimate for Lakemoor?
The Zillow Home Value Index (ZHVI) for Lakemoor is $294,634, representing the typical home value in the area.
What is the median condo price in Lakemoor?
The median condo/co-op sale price in Lakemoor, IL is $250,000, compared to $376,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lakemoor?
The median single-family home price in Lakemoor, IL is $376,000 (about $216 per square foot).
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