Lake County, IL metro area Housing Market Brief
metro · as of May 2026
What is Lake County, IL metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is Lake County, IL metro area in its market cycle?
Lake County, IL metro area is classified as Growing — strengthening, with scores rising over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.
Lake County, IL metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $425K | ▲ +6.3% |
| Median Days on Market | 44 days | ▼ -4.3% |
| Months of Supply | 2.6 | ▲ +4% |
| Homes for Sale | 2,343 | ▼ -3.6% |
| Homes Sold | 918 | ▼ -5.1% |
| Median Price / Sq Ft | $232 | ▲ +10.6% |
| Sale-to-List Ratio | 101.4% | ▲ +0.8% |
How has Lake County, IL metro area’s Alpha Score moved?
Markets like Lake County, IL metro area
- Nassau County, NY metro areametro54
- San Francisco, CA metro areametro57
- Chicago, IL metro areametro52
- Grand Rapids, MN metro areametro55
- Appleton, WI metro areametro58
- Hartford, CT metro areametro57
- Elgin, IL metro areametro52
- New York, NY metro areametro52
- Glens Falls, NY metro areametro55
- Newark, NJ metro areametro56
Frequently asked questions
Is Lake County, IL metro area a buyer's or seller's market?
As of May 2026, Lake County, IL metro area is classified as a Balanced Market, based on its Alpha Score of 54 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Lake County, IL metro area?
The median sale price in Lake County, IL metro area is $425K, having risen 6.3% over the past year.
How affordable is Lake County, IL metro area?
Lake County, IL metro area scores 50 out of 100 on affordability — moderately affordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Lake County, IL metro area's Alpha Score?
Lake County, IL metro area's strongest dimension is Price Momentum (87/100) and its weakest is Inventory Health (38/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Lake County, IL metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.