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GURNEE, IL 60031

Real Estate Market Report  ·  Lake County
Seller's Market
July 2026  ·  Source: Realtor.com

Market Analysis

Data as of July 2026. Source: Realtor.com.

The GURNEE, IL real estate market (60031) currently shows 94 active listings, with 58 pending sales. Homes are averaging 27 days on the market before going under contract.

Inventory has tightened compared to last year, with 12 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 27 days on market compared to 28 days last year.

The median listing price has risen 3.3% year-over-year, from $404,500 to $417,975.

Whether you are buying or selling in GURNEE, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 37,202  ·  Density: 755.2/mi²  ·  Median household income: $108,424

Typical home value: $306,057  ·  Homeownership: 75.3%

Market Overview

Active Listings
94
⇩ 11.3% vs 106 last year
Pending
58
62% pending ratio
Median Price
$417,975
⇧ 3.3% vs $404,500 last year
Average Price
$425,032
⇩ 7.2% vs $458,013 last year
Days on Market
27
⇩ 3.6% vs 28 days last year

Price Per Square Foot

Median $/sqft
$198
⇧ 2.1% vs $194/sqft last year
Median Home Size
2,166 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 94 this year vs 106 last year
  • Days on market: 27 now vs 28 last year

Median & Average Pricing

Year over Year
  • Median: $417,975 (+3.3% YoY)
  • Average: $425,032 (-7.2% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 13.5 miles — 672 listings ($345,018,603 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60031Gurnee, IL 600310.0 mi69$27,817,143$386,225$403,147
60083Wadsworth, IL 600834.3 mi23$21,417,922$532,975$931,214
60064North Chicago, IL 600645.4 mi11$2,639,989$243,700$239,999
60030Grayslake, IL 600306.0 mi66$26,088,150$344,250$395,275
60099Zion, IL 600997.0 mi66$19,255,038$290,350$291,743
60073Round Lake, IL 600738.6 mi113$32,463,431$263,000$287,287
60096Winthrop Harbor, IL 600969.3 mi13$4,485,559$315,500$345,043
60002Antioch, IL 6000210.1 mi64$28,902,336$349,000$451,599
53158Pleasant Prairie, WI 5315810.7 mi36$21,810,708$561,175$605,853
53142Kenosha, WI 5314211.7 mi48$15,328,608$288,700$319,346
60069Lincolnshire, IL 6006912.4 mi27$26,833,599$749,450$993,837
60047Lake Zurich, IL 6004713.1 mi126$112,419,720$829,925$892,220
53104Bristol, WI 5310413.5 mi10$5,556,400$532,225$555,640

Frequently Asked Questions

How many homes are for sale in GURNEE, IL 60031?

As of July 2026, there are 94 active listings in GURNEE, IL (zip code 60031), compared to 106 the prior year.

What is the median home price in GURNEE, IL 60031?

The median listing price in GURNEE, IL 60031 is $417,975 as of July 2026, a 3.3% increase from $404,500 the prior year.

How long do homes stay on the market in GURNEE, IL?

Homes in GURNEE, IL 60031 spend an average of 27 days on the market before going under contract, compared to 28 days the prior year.

Is it a seller's or buyer's market in GURNEE, IL 60031?

Based on current inventory and days-on-market data as of July 2026, GURNEE, IL 60031 is currently a Seller's Market. Inventory has tightened compared to last year, with 12 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 27 days on market compared to 28 days last year.

How much can I save on real estate commission in GURNEE, IL?

With SELL123.com's maximum 3% commission, sellers in GURNEE, IL 60031 save an estimated $8,360 compared to a typical 5% commission on the median listing price of $417,975. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.