Brokers — List your Company Here
Featured local agent — Lakewood Shores, IL
Sarah Mitchell
Compass Real Estate · Lakewood Shores, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Lakewood Shores, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$290,000median sale price
How is the Lakewood Shores, IL housing market right now?
The median home sale price in Lakewood Shores, IL is $290,000, up 3.6% year-over-year. Homes sell in an average of 50 days with 4 active listings. The market is currently a balanced 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 Lakewood Shores a buyer's or seller's market?
Lakewood Shores, IL is currently a balanced market, based on 4.0 months of supply and homes selling in about 50 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
50
Average pace
Active listings
4
4.0 months supply
Sale-to-list
96.7%
Below asking
What does the Lakewood Shores housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $290,000 |
| Median list price | $214,950 |
| Year-over-year price change | +3.6% |
| Average days on market | 50 days |
| Active inventory | 4 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 96.7% |
| Median price per sq ft | $181/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 2 |
| Listings with a price cut | 25.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Lakewood Shores by property type?
How the Lakewood Shores, 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 | $290,000 | $181/sq ft | 1 | 50 days |
Source: Redfin · Updated monthly
The Lakewood Shores housing market is currently classified as a balanced market with a median sale price of $290,000. Prices have risen 3.6% compared to last year, with homes spending an average of 50 days on market, indicating 4.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Lakewood Shores
There are currently 4 homes listed for sale in Lakewood Shores, Illinois. The median listing price is $215K.
Active listings
4
Homes on market
Median list price
$215K
Avg. days on market
50
Days until sale
New this week
2
Newly listed
Who lives in Lakewood Shores?
Population
433
Median income
$76,500/yr
Median age
45.5 years
Owner-occupied
77.4%
College grads
8.5%
Avg commute
25.2 min
Source: U.S. Census Bureau ACS
What is it like to live in Lakewood Shores?
Lakewood Shores is a community of approximately 0K residents with a median age of 45.5 years.The median household income is $76,500, which reflects a relatively affluent area with strong earning potential. 8.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 77.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 25.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lakewood Shores offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Lakewood Shores, IL?
Want a head-to-head view? Compare Lakewood Shores side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lakewood Shores?
The median home sale price in Lakewood Shores is $290,000, up 3.6% from last year.
How long do homes stay on market in Lakewood Shores?
Homes typically spend 50 days on market before going under contract.
What is the median income in Lakewood Shores?
The median household income is $76,500 per year.
Is Lakewood Shores a buyer's or seller's market?
With 4.0 months of supply, Lakewood Shores is currently a balanced market.
How much does a single-family home cost in Lakewood Shores?
The median single-family home price in Lakewood Shores, IL is $290,000 (about $181 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Lakewood Shores, IL
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get Lakewood Shores market alerts
Weekly updates on prices, inventory, and trends. Free forever.