Vernon Hills, IL Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Vernon Hills, IL is $488,000, up 2.7% year-over-year. Homes sell in an average of 68 days with 53 active listings. The market is currently a balanced market.
$488,000median sale price
Homes sold
22
Last 12 weeks
Days on market
68
Average pace
Active listings
53
2.4 months supply
Sale-to-list
99.8%
Below asking
Vernon Hills, IL market data
| Metric | Value |
|---|---|
| Median sale price | $488,000 |
| Median list price | $472,000 |
| Year-over-year price change | +2.7% |
| Average days on market | 68 days |
| Active inventory | 53 listings |
| Months of supply | 2.4 months |
| Sale-to-list price ratio | 99.8% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
The Vernon Hills housing market is currently classified as a balanced market with a median sale price of $488,000. Prices have risen 2.7% compared to last year, with homes spending an average of 68 days on market, indicating 2.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Vernon Hills
There are currently 53 homes listed for sale in Vernon Hills, Illinois. The median listing price is $472K.
Active listings
53
Homes on market
Median list price
$472K
Avg. days on market
68
Days until sale
New this week
27
Newly listed
Explore nearby cities in IL
Frequently asked questions
What is the average home price in Vernon Hills?
The median home sale price in Vernon Hills is $488,000, up 2.7% from last year.
How long do homes stay on market in Vernon Hills?
Homes typically spend 68 days on market before going under contract.
Is Vernon Hills a buyer's or seller's market?
With 2.4 months of supply, Vernon Hills is currently a balanced market.
Get Vernon Hills market alerts
Weekly updates on prices, inventory, and trends. Free forever.