Lake County, IL metro area Housing Market Brief
metro · IL · score computed October 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 Mature — holding near a healthy peak. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Lake County, IL metro area?
Metro-level forecasts are paused (since Oct 18, 2026). The new public-data model we built to replace them didn't pass our accuracy test, and we won't publish forecasts again until a model does.
Lake County, IL metro area housing market data
| Metric | Value | YoY | Source |
|---|---|---|---|
| Median Sale Price | $389K | ▲ +6.6% | Redfin |
| Median Days on Market | 53 days | ▲ +1.9% | Redfin |
| Months of Supply | 2.8 | ▲ +7.7% | Redfin |
| Homes for Sale | 2,113 | ▲ +5.8% | Redfin |
| Homes Sold | 803 | ▼ -5% | Redfin |
| Median Price / Sq Ft | $219 | ▲ +5.9% | Redfin |
How has Lake County, IL metro area’s Alpha Score moved?
Markets like Lake County, IL metro area
- Omaha, NE metro area, NEmetro64
- Oshkosh, WI metro area, WImetro68
- Albany, NY metro area, NYmetro50
- Richmond, KY metro area, KYmetro49
- Green Bay, WI metro area, WImetro60
- Racine, WI metro area, WImetro60
- Sheboygan, WI metro area, WImetro65
- Reading, PA metro area, PAmetro51
- Camden, NJ metro area, NJmetro65
- Elgin, IL metro area, ILmetro56
Frequently asked questions
Is Lake County, IL metro area a buyer's or seller's market?
In the scores computed October 2026, Lake County, IL metro area is classified as a Seller's Market, based on its Alpha Score of 64 out of 100. It is based on the 4 of five dimensions we can measure for this market — price, affordability, economic, and rental-yield — whose weights are scaled up to cover the whole score. The rest are not measured here and are left out rather than filled in with a placeholder.
Are home prices rising or falling in Lake County, IL metro area?
The median sale price in Lake County, IL metro area is $389K, having risen 6.6% over the past year, according to Redfin.
How affordable is Lake County, IL metro area?
Lake County, IL metro area scores 55 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 (90/100) and its weakest is Rental Yield (39/100). The Alpha Score is a weighted blend of five dimensions; 4 of them have data for this market.
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.