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Featured local agent — Tower Lakes, IL
Sarah Mitchell
Compass Real Estate · Tower Lakes, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Tower Lakes, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$695,000median sale price
How is the Tower Lakes, IL housing market right now?
The median home sale price in Tower Lakes, IL is $695,000. Homes sell in an average of 20 days with 3 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 Tower Lakes a buyer's or seller's market?
Tower Lakes, IL is currently a seller's market, based on 3.0 months of supply and homes selling in about 20 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
20
Fast-moving
Active listings
3
3.0 months supply
Sale-to-list
103.0%
Above asking
What does the Tower Lakes housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $695,000 |
| Median list price | $832,000 |
| Average days on market | 20 days |
| Active inventory | 3 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 103.0% |
| Median price per sq ft | $148/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 2 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Tower Lakes by property type?
How the Tower Lakes, 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 | $695,000 | $148/sq ft | 1 | 20 days |
Source: Redfin · Updated monthly
The Tower Lakes housing market is currently classified as a seller's market with a median sale price of $695,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 20 days on market, indicating 3.0 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 3.8x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Tower Lakes
There are currently 3 homes listed for sale in Tower Lakes, Illinois. The median listing price is $832K.
Active listings
3
Homes on market
Median list price
$832K
Avg. days on market
20
Days until sale
New this week
2
Newly listed
Who lives in Tower Lakes?
Population
1,148
Median income
$172,656/yr
Median age
48.8 years
Owner-occupied
97.2%
College grads
77.8%
Avg commute
37.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Tower Lakes?
Zillow home value
$657,384
Price-to-income
3.8x
Source: Zillow Research
What is it like to live in Tower Lakes?
Tower Lakes is a community of approximately 1K residents with a median age of 48.8 years.The median household income is $172,656, which reflects a relatively affluent area with strong earning potential. 77.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 97.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 37.7 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Tower Lakes offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Tower Lakes, IL?
Want a head-to-head view? Compare Tower Lakes side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Tower Lakes?
The median home sale price in Tower Lakes is $695,000, down 0.0% from last year.
How long do homes stay on market in Tower Lakes?
Homes typically spend 20 days on market before going under contract.
What is the median income in Tower Lakes?
The median household income is $172,656 per year.
Is Tower Lakes a buyer's or seller's market?
With 3.0 months of supply, Tower Lakes is currently a seller's market.
What is the Zillow home value estimate for Tower Lakes?
The Zillow Home Value Index (ZHVI) for Tower Lakes is $657,384, representing the typical home value in the area.
How much does a single-family home cost in Tower Lakes?
The median single-family home price in Tower Lakes, IL is $695,000 (about $148 per square foot).
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