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Featured local agent — Long Lake, IL
Sarah Mitchell
Compass Real Estate · Long Lake, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Long Lake, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$225,000median sale price
How is the Long Lake, IL housing market right now?
The median home sale price in Long Lake, IL is $225,000, down 23.7% year-over-year. Homes sell in an average of 39 days with 10 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 Long Lake a buyer's or seller's market?
Long Lake, IL is currently a seller's market, based on 2.0 months of supply and homes selling in about 39 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
39
Average pace
Active listings
10
2.0 months supply
Sale-to-list
102.7%
Above asking
What does the Long Lake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $225,000 |
| Median list price | $420,000 |
| Year-over-year price change | -23.7% |
| Average days on market | 39 days |
| Active inventory | 10 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 102.7% |
| Median price per sq ft | $239/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 4 |
| Listings with a price cut | 20.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Long Lake by property type?
How the Long Lake, 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 | $225,000 | $239/sq ft | 5 | 39 days |
Source: Redfin · Updated monthly
The Long Lake housing market is currently classified as a seller's market with a median sale price of $225,000. Prices have fallen 23.7% compared to last year, with homes spending an average of 39 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.The price-to-income ratio of 2.6x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Long Lake
There are currently 10 homes listed for sale in Long Lake, Illinois. The median listing price is $420K.
Active listings
10
Homes on market
Median list price
$420K
Avg. days on market
39
Days until sale
New this week
4
Newly listed
Who lives in Long Lake?
Population
3,219
Median income
$100,824/yr
Median age
32.1 years
Owner-occupied
70.5%
College grads
16.5%
Avg commute
36.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Long Lake?
Zillow home value
$260,996
Price-to-income
2.6x
Source: Zillow Research
What is it like to live in Long Lake?
Long Lake is a community of approximately 3K residents with a median age of 32.1 years.The median household income is $100,824, which reflects a relatively affluent area with strong earning potential. 16.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 70.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 36.7 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Long Lake offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Long Lake, IL?
Want a head-to-head view? Compare Long Lake side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Long Lake?
The median home sale price in Long Lake is $225,000, down 23.7% from last year.
How long do homes stay on market in Long Lake?
Homes typically spend 39 days on market before going under contract.
What is the median income in Long Lake?
The median household income is $100,824 per year.
Is Long Lake a buyer's or seller's market?
With 2.0 months of supply, Long Lake is currently a seller's market.
What is the Zillow home value estimate for Long Lake?
The Zillow Home Value Index (ZHVI) for Long Lake is $260,996, representing the typical home value in the area.
How much does a single-family home cost in Long Lake?
The median single-family home price in Long Lake, IL is $225,000 (about $239 per square foot).
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