New Listing
27
$180,000
905 Glenwood Ave
Waukegan, IL 60085
1 bd1 ba910 sqft$198/ft²
House
Tomas Gomez · Freedom Realty
View photos & details
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Sarah Mitchell
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Compass Real Estate · Waukegan, IL
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Waukegan, IL(512) 555-0184TX License #0512847
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Waukegan, IL Housing Market & Real Estate
Balanced market-1.3% YoY
Housing market overview · Updated monthly ·
$260,000median sale price
How is the Waukegan, IL housing market right now?
The median home sale price in Waukegan, IL is $260,000, down 1.3% year-over-year. Homes sell in an average of 49 days with 121 active listings. The market is currently a balanced 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 Waukegan a buyer's or seller's market?
Balanced market3.2 months of supply49 avg. days on market
Waukegan, IL is currently a balanced market, based on 3.2 months of supply and homes selling in about 49 days. How we determine this →
Homes sold
38
Last 12 weeks
Days on market
49
Average pace
Active listings
121
3.2 months supply
Sale-to-list
99.4%
Below asking
What does the Waukegan housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $260,000 |
| Median list price | $279,950 |
| Year-over-year price change | -1.3% |
| Average days on market | 49 days |
| Active inventory | 121 listings |
| Months of supply | 3.2 months |
| Sale-to-list price ratio | 99.4% |
| Median price per sq ft | $198/sq ft |
| Homes sold (latest month) | 38 |
| New listings (latest month) | 68 |
| Listings with a price cut | 12.4% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Waukegan by property type?
How the Waukegan, 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 | $265,000 | $201/sq ft | 31 | 49 days |
| Condo / Co-op | $178,250 | $198/sq ft | 2 | 30 days |
| Townhouse | $238,000 | $205/sq ft | 4 | 24 days |
Source: Redfin · Updated monthly
The Waukegan housing market is currently classified as a balanced market with a median sale price of $260,000. Prices have fallen 1.3% compared to last year, with homes spending an average of 49 days on market, indicating 3.2 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 3.5x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Waukegan
There are currently 121 homes listed for sale in Waukegan, Illinois. The median listing price is $280K. Featured listings range from $180,000 to $484,900.
New Listing
24
$200,000
1319 N Ash St
Waukegan, IL 60085
2 bd1 ba1,216 sqft$164/ft²
House7,841 sqft lot
Ryan Pavey · Baird & Warner
View photos & details
New Listing
24
$209,900
1019 Edwards St
Waukegan, IL 60085
2 bd1 ba672 sqft$312/ft²
House
Omar Wence · Charles Rutenberg Realty of IL
View photos & details
New Listing
$219,900
2500 Dakota Rd
Waukegan, IL 60087
2 bd1 ba768 sqft$286/ft²
House6,229 sqft lot
Javier Martell · Coldwell Banker Realty
View photos & details
New Listing
$241,700
Address unavailable
Waukegan, IL 60085
3 bd1 ba1,232 sqft$196/ft²
House
Kris Seegren · RE/MAX Plaza
View photos & details
New Listing
20
$245,000
535 N McAree Rd
Waukegan, IL 60085
3 bd2 ba1,099 sqft$223/ft²
House8,712 sqft lot
Anne Hazen · Baird & Warner
View photos & details
New Listing
22
$264,999
13175 W Blanchard Rd
Waukegan, IL 60087
3 bd1 ba1,204 sqft$220/ft²
House21,780 sqft lot
Tamara Hernandez · RE/MAX Home Sweet Home
View photos & details
New Listing
26
$314,999
2440 W Cheyenne Rd
Waukegan, IL 60087
3 bd2 ba1,728 sqft$182/ft²
House6,534 sqft lot
Silvia Carmona · Jason Mitchell Real Estate IL
View photos & details
New Listing
8
$330,000
2432 Yeoman St
Waukegan, IL 60087
4 bd2 ba1,211 sqft$273/ft²
House
Terrance Muse · RE/MAX Premier
View photos & details
New Listing
43
$385,000
2041 North Ave
Waukegan, IL 60087
3 bd3 ba3,086 sqft$125/ft²
House31,137 sqft lot
Tamara Hernandez · RE/MAX Home Sweet Home
View photos & details
New Listing
36
$450,000
3132 Concord Ln
Waukegan, IL 60083
4 bd3 ba2,389 sqft$188/ft²
House10,890 sqft lot
Andrea Lee Sullivan · Keller Williams North Shore West
View photos & details
New Listing
30
$484,900
3002 N Maple Tree Ln
Waukegan, IL 60083
4 bd4 ba2,642 sqft$184/ft²
House1.30 acres
Jaimie Banke · Keller Williams Thrive
View photos & details
Looking to buy in Waukegan?
Get connected with a local real estate expert — free, no obligation.
Active listings
121
Homes on market
Median list price
$280K
Avg. days on market
49
Days until sale
New this week
68
Newly listed
Price drops:12.4%of listings
Sale-to-list:99.4%
Who lives in Waukegan?
Population
88,919
Median income
$70,578/yr
Median age
34.6 years
Owner-occupied
50.9%
College grads
21.0%
Avg commute
26.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Waukegan?
Zillow home value
$246,604
Zillow rent index
$1,600/mo
Price-to-rent ratio
12.8x
Price-to-income
3.5x
Source: Zillow Research
What is it like to live in Waukegan?
Waukegan is a community of approximately 89K residents with a median age of 34.6 years.The median household income is $70,578, which represents a working-class community with solid middle-income opportunities. 21.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 50.9%, showing a blend of owner and renter-occupied properties. The average commute time is 26.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Waukegan offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Waukegan?
23 schools tracked · 14,142 students
The largest public schools serving Waukegan, 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.
Waukegan High School
Grades 9-12 · 4,325 students
John R Lewis Middle School
Grades 6-8 · 762 students
Miguel Juarez Middle School
Grades 6-8 · 662 students
Glenwood Elementary School
Grades K-5 · 588 students
Robert E Abbott Middle School
Grades 6-8 · 585 students
Jack Benny Middle School
Grades 6-8 · 506 students
Edith M Smith Middle School
Grades 6-8 · 489 students
Carman-Buckner Elem School
Grades PK-5 · 485 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 Waukegan, IL?
Want a head-to-head view? Compare Waukegan side-by-side with any other U.S. city using our market-comparison tool.
Which ZIP codes are in Waukegan?
Is Waukegan a good real estate investment market?
For investors evaluating Waukegan, the price-to-rent ratio of 12.8x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 1.3% 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 Waukegan's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Waukegan's median home price.
Frequently asked questions
What is the average home price in Waukegan?
The median home sale price in Waukegan is $260,000, down 1.3% from last year.
How long do homes stay on market in Waukegan?
Homes typically spend 49 days on market before going under contract.
What is the median income in Waukegan?
The median household income is $70,578 per year.
Is Waukegan a buyer's or seller's market?
With 3.2 months of supply, Waukegan is currently a balanced market.
How many homes are for sale in Waukegan?
There are currently 121 homes listed for sale in Waukegan, IL.
What is the Zillow home value estimate for Waukegan?
The Zillow Home Value Index (ZHVI) for Waukegan is $246,604, representing the typical home value in the area.
What is the median condo price in Waukegan?
The median condo/co-op sale price in Waukegan, IL is $178,250, compared to $265,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Waukegan?
The median single-family home price in Waukegan, IL is $265,000 (about $201 per square foot).
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