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Featured local agent — Round Lake Park, IL
Sarah Mitchell
Compass Real Estate · Round Lake Park, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Round Lake Park, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$230,000median sale price
How is the Round Lake Park, IL housing market right now?
The median home sale price in Round Lake Park, IL is $230,000, up 15.0% year-over-year. Homes sell in an average of 49 days with 26 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 Park a buyer's or seller's market?
Round Lake Park, IL is currently a seller's market, based on 2.9 months of supply and homes selling in about 49 days. How we determine this →
Homes sold
9
Last 12 weeks
Days on market
49
Average pace
Active listings
26
2.9 months supply
Sale-to-list
101.4%
Above asking
What does the Round Lake Park housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $230,000 |
| Median list price | $240,000 |
| Year-over-year price change | +15.0% |
| Average days on market | 49 days |
| Active inventory | 26 listings |
| Months of supply | 2.9 months |
| Sale-to-list price ratio | 101.4% |
| Median price per sq ft | $138/sq ft |
| Homes sold (latest month) | 9 |
| New listings (latest month) | 11 |
| Listings with a price cut | 30.8% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Round Lake Park by property type?
How the Round Lake Park, 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 | $230,000 | $138/sq ft | 9 | 49 days |
Source: Redfin · Updated monthly
The Round Lake Park housing market is currently classified as a seller's market with a median sale price of $230,000. Prices have risen 15.0% compared to last year, with homes spending an average of 49 days on market, indicating 2.9 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 4.1x provides context for how home values compare to local earning capacity.
Homes for sale in Round Lake Park
There are currently 26 homes listed for sale in Round Lake Park, Illinois. The median listing price is $240K.
Active listings
26
Homes on market
Median list price
$240K
Avg. days on market
49
Days until sale
New this week
11
Newly listed
Who lives in Round Lake Park?
Population
7,833
Median income
$57,486/yr
Median age
46.4 years
Owner-occupied
86.5%
College grads
16.3%
Avg commute
32 min
Source: U.S. Census Bureau ACS
What are homes worth in Round Lake Park?
Zillow home value
$233,304
Price-to-income
4.1x
Source: Zillow Research
What is it like to live in Round Lake Park?
Round Lake Park is a community of approximately 8K residents with a median age of 46.4 years.The median household income is $57,486, which represents a working-class community with solid middle-income opportunities. 16.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 86.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 32 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Round Lake Park offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Round Lake Park?
1 schools tracked · 428 students
The largest public schools serving Round Lake Park, 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.
W J Murphy Elem School
Grades 1-5 · 428 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 Round Lake Park, IL?
Want a head-to-head view? Compare Round Lake Park 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 Park?
The median home sale price in Round Lake Park is $230,000, up 15.0% from last year.
How long do homes stay on market in Round Lake Park?
Homes typically spend 49 days on market before going under contract.
What is the median income in Round Lake Park?
The median household income is $57,486 per year.
Is Round Lake Park a buyer's or seller's market?
With 2.9 months of supply, Round Lake Park is currently a seller's market.
What is the Zillow home value estimate for Round Lake Park?
The Zillow Home Value Index (ZHVI) for Round Lake Park is $233,304, representing the typical home value in the area.
How much does a single-family home cost in Round Lake Park?
The median single-family home price in Round Lake Park, IL is $230,000 (about $138 per square foot).
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