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Featured local agent — Mundelein, IL
Sarah Mitchell
Compass Real Estate · Mundelein, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Mundelein, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$400,000median sale price
How is the Mundelein, IL housing market right now?
The median home sale price in Mundelein, IL is $400,000. Homes sell in an average of 44 days with 101 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 Mundelein a buyer's or seller's market?
Mundelein, IL is currently a seller's market, based on 3.1 months of supply and homes selling in about 44 days. How we determine this →
Homes sold
33
Last 12 weeks
Days on market
44
Average pace
Active listings
101
3.1 months supply
Sale-to-list
100.7%
Above asking
What does the Mundelein housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $400,000 |
| Median list price | $407,990 |
| Average days on market | 44 days |
| Active inventory | 101 listings |
| Months of supply | 3.1 months |
| Sale-to-list price ratio | 100.7% |
| Median price per sq ft | $226/sq ft |
| Homes sold (latest month) | 33 |
| New listings (latest month) | 59 |
| Listings with a price cut | 13.9% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Mundelein by property type?
How the Mundelein, 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 | $469,500 | $242/sq ft | 24 | 44 days |
| Condo / Co-op | $265,000 | $209/sq ft | 1 | 25 days |
| Townhouse | $364,000 | $209/sq ft | 8 | 48 days |
Source: Redfin · Updated monthly
The Mundelein housing market is currently classified as a seller's market with a median sale price of $400,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 44 days on market, indicating 3.1 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 3.6x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Mundelein
There are currently 101 homes listed for sale in Mundelein, Illinois. The median listing price is $408K.
Active listings
101
Homes on market
Median list price
$408K
Avg. days on market
44
Days until sale
New this week
59
Newly listed
Who lives in Mundelein?
Population
31,632
Median income
$107,608/yr
Median age
38.3 years
Owner-occupied
71.3%
College grads
42.9%
Avg commute
28.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Mundelein?
Zillow home value
$390,603
Zillow rent index
$2,347/mo
Price-to-rent ratio
13.9x
Price-to-income
3.6x
Source: Zillow Research
What is it like to live in Mundelein?
Mundelein is a community of approximately 32K residents with a median age of 38.3 years.The median household income is $107,608, which reflects a relatively affluent area with strong earning potential. 42.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 71.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Mundelein offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Mundelein?
14 schools tracked · 6,869 students
The largest public schools serving Mundelein, 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.
Mundelein Cons High School
Grades 9-12 · 2,261 students
Fremont Elem School
Grades PK-2 · 712 students
Fremont Jr High/Middle School
Grades 6-8 · 709 students
Fremont Intermediate School
Grades 3-5 · 648 students
Carl Sandburg Middle School
Grades 6-8 · 533 students
Mechanics Grove Elem School
Grades 3-5 · 492 students
Washington Elem School
Grades K-2 · 463 students
Diamond Lake School
Grades PK-2 · 295 students
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 Mundelein, IL?
Want a head-to-head view? Compare Mundelein side-by-side with any other U.S. city using our market-comparison tool.
Is Mundelein a good real estate investment market?
For investors evaluating Mundelein, the price-to-rent ratio of 13.9x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 0.0% 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 Mundelein's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Mundelein's median home price.
Frequently asked questions
What is the average home price in Mundelein?
The median home sale price in Mundelein is $400,000, down 0.0% from last year.
How long do homes stay on market in Mundelein?
Homes typically spend 44 days on market before going under contract.
What is the median income in Mundelein?
The median household income is $107,608 per year.
Is Mundelein a buyer's or seller's market?
With 3.1 months of supply, Mundelein is currently a seller's market.
What is the Zillow home value estimate for Mundelein?
The Zillow Home Value Index (ZHVI) for Mundelein is $390,603, representing the typical home value in the area.
What is the median condo price in Mundelein?
The median condo/co-op sale price in Mundelein, IL is $265,000, compared to $469,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Mundelein?
The median single-family home price in Mundelein, IL is $469,500 (about $242 per square foot).
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