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Featured local agent — Vernon Hills, IL
Sarah Mitchell
Compass Real Estate · Vernon Hills, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Vernon Hills, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$457,500median sale price
How is the Vernon Hills, IL housing market right now?
The median home sale price in Vernon Hills, IL is $457,500, down 4.2% year-over-year. Homes sell in an average of 47 days with 64 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 Vernon Hills a buyer's or seller's market?
Vernon Hills, IL is currently a seller's market, based on 2.3 months of supply and homes selling in about 47 days. How we determine this →
Homes sold
28
Last 12 weeks
Days on market
47
Average pace
Active listings
64
2.3 months supply
Sale-to-list
100.3%
Above asking
What does the Vernon Hills housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $457,500 |
| Median list price | $519,900 |
| Year-over-year price change | -4.2% |
| Average days on market | 47 days |
| Active inventory | 64 listings |
| Months of supply | 2.3 months |
| Sale-to-list price ratio | 100.3% |
| Median price per sq ft | $237/sq ft |
| Homes sold (latest month) | 28 |
| New listings (latest month) | 42 |
| Listings with a price cut | 25.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Vernon Hills by property type?
How the Vernon Hills, 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 | $552,000 | $236/sq ft | 13 | 42 days |
| Condo / Co-op | $250,000 | $242/sq ft | 7 | 62 days |
| Townhouse | $420,500 | $234/sq ft | 8 | 50 days |
Source: Redfin · Updated monthly
The Vernon Hills housing market is currently classified as a seller's market with a median sale price of $457,500. Prices have fallen 4.2% compared to last year, with homes spending an average of 47 days on market, indicating 2.3 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 Vernon Hills
There are currently 64 homes listed for sale in Vernon Hills, Illinois. The median listing price is $520K.
Active listings
64
Homes on market
Median list price
$520K
Avg. days on market
47
Days until sale
New this week
42
Newly listed
Who lives in Vernon Hills?
Population
26,772
Median income
$120,625/yr
Median age
41.3 years
Owner-occupied
66.3%
College grads
66.6%
Avg commute
26.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Vernon Hills?
Zillow home value
$457,345
Zillow rent index
$2,336/mo
Price-to-rent ratio
16.3x
Price-to-income
3.8x
Source: Zillow Research
What is it like to live in Vernon Hills?
Vernon Hills is a community of approximately 27K residents with a median age of 41.3 years.The median household income is $120,625, which reflects a relatively affluent area with strong earning potential. 66.6% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 66.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 26.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Vernon Hills offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Vernon Hills?
15 schools tracked · 4,847 students
The largest public schools serving Vernon Hills, 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.
Vernon Hills High School
Grades 9-12 · 1,480 students
Hawthorn Middle School South
Grades 6-8 · 642 students
Hawthorn Middle School North
Grades 6-8 · 593 students
Hawthorn Elem School South
Grades 1-5 · 517 students
Hawthorn Sch of Dual Language
Grades K-5 · 403 students
Hawthorn Elem School North
Grades 1-5 · 373 students
Hawthorn Aspen Elem School
Grades 1-5 · 318 students
Hawthorn Townline Elem Sch
Grades 1-5 · 304 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 Vernon Hills, IL?
Want a head-to-head view? Compare Vernon Hills side-by-side with any other U.S. city using our market-comparison tool.
Is Vernon Hills a good real estate investment market?
For investors evaluating Vernon Hills, the price-to-rent ratio of 16.3x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 4.2% 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 Vernon Hills's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Vernon Hills's median home price.
Frequently asked questions
What is the average home price in Vernon Hills?
The median home sale price in Vernon Hills is $457,500, down 4.2% from last year.
How long do homes stay on market in Vernon Hills?
Homes typically spend 47 days on market before going under contract.
What is the median income in Vernon Hills?
The median household income is $120,625 per year.
Is Vernon Hills a buyer's or seller's market?
With 2.3 months of supply, Vernon Hills is currently a seller's market.
What is the Zillow home value estimate for Vernon Hills?
The Zillow Home Value Index (ZHVI) for Vernon Hills is $457,345, representing the typical home value in the area.
What is the median condo price in Vernon Hills?
The median condo/co-op sale price in Vernon Hills, IL is $250,000, compared to $552,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Vernon Hills?
The median single-family home price in Vernon Hills, IL is $552,000 (about $236 per square foot).
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