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Featured local agent — Round Lake, IL
Sarah Mitchell
Compass Real Estate · Round Lake, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Round Lake, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$361,000median sale price
How is the Round Lake, IL housing market right now?
The median home sale price in Round Lake, IL is $361,000, up 3.3% year-over-year. Homes sell in an average of 50 days with 47 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 Round Lake a buyer's or seller's market?
Round Lake, IL is currently a seller's market, based on 2.0 months of supply and homes selling in about 50 days. How we determine this →
Homes sold
23
Last 12 weeks
Days on market
50
Average pace
Active listings
47
2.0 months supply
Sale-to-list
99.7%
Below asking
What does the Round Lake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $361,000 |
| Median list price | $340,000 |
| Year-over-year price change | +3.3% |
| Average days on market | 50 days |
| Active inventory | 47 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 99.7% |
| Median price per sq ft | $165/sq ft |
| Homes sold (latest month) | 23 |
| New listings (latest month) | 32 |
| Listings with a price cut | 12.8% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Round Lake by property type?
How the Round 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 | $422,000 | $164/sq ft | 14 | 60 days |
| Condo / Co-op | $219,000 | $151/sq ft | 3 | 69 days |
| Townhouse | $270,000 | $176/sq ft | 9 | 41 days |
Source: Redfin · Updated monthly
The Round Lake housing market is currently classified as a seller's market with a median sale price of $361,000. Prices have risen 3.3% compared to last year, with homes spending an average of 50 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 3.0x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Round Lake
There are currently 47 homes listed for sale in Round Lake, Illinois. The median listing price is $340K.
Active listings
47
Homes on market
Median list price
$340K
Avg. days on market
50
Days until sale
New this week
32
Newly listed
Who lives in Round Lake?
Population
18,588
Median income
$108,965/yr
Median age
36.7 years
Owner-occupied
79.4%
College grads
40.5%
Avg commute
31.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Round Lake?
Zillow home value
$329,382
Price-to-income
3.0x
Source: Zillow Research
What is it like to live in Round Lake?
Round Lake is a community of approximately 19K residents with a median age of 36.7 years.The median household income is $108,965, which reflects a relatively affluent area with strong earning potential. 40.5% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 79.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 31.1 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Round Lake offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Round Lake?
7 schools tracked · 3,815 students
The largest public schools serving Round Lake, 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.
Round Lake Senior High School
Grades 9-12 · 2,226 students
Magee Middle School
Grades 6-8 · 638 students
Park East School
Grades K-4 · 331 students
Village Elementary School
Grades 1-5 · 321 students
Park West School
Grades 5-8 · 299 students
Early Childhood Facility
Grades PK
Round Lake Transition Center
Grades 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 Round Lake, IL?
Want a head-to-head view? Compare Round 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 Round Lake?
The median home sale price in Round Lake is $361,000, up 3.3% from last year.
How long do homes stay on market in Round Lake?
Homes typically spend 50 days on market before going under contract.
What is the median income in Round Lake?
The median household income is $108,965 per year.
Is Round Lake a buyer's or seller's market?
With 2.0 months of supply, Round Lake is currently a seller's market.
What is the Zillow home value estimate for Round Lake?
The Zillow Home Value Index (ZHVI) for Round Lake is $329,382, representing the typical home value in the area.
What is the median condo price in Round Lake?
The median condo/co-op sale price in Round Lake, IL is $219,000, compared to $422,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Round Lake?
The median single-family home price in Round Lake, IL is $422,000 (about $164 per square foot).
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