Call or Text (240) SELL-123

GURNEE, IL 60031

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

Market Analysis

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

The GURNEE, IL real estate market (60031) currently shows 77 active listings, with 47 pending sales. Homes are averaging 22 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 22 days on market compared to 31 days last year.

The median listing price has risen 6.7% year-over-year, from $374,900 to $400,000.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for GURNEE, IL 60031 and connect with motivated buyers & sellers.
Contact SELL123.com →

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
77
⇩ 2.5% vs 79 last year
Pending
47
61% pending ratio
Median Price
$400,000
⇧ 6.7% vs $374,900 last year
Average Price
$436,440
⇧ 9.6% vs $398,164 last year
Days on Market
22
⇩ 29% vs 31 days last year

Price Per Square Foot

Median $/sqft
$187
⇧ 6.9% vs $175/sqft last year
Median Home Size
1,944 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 77 this year vs 79 last year
  • Days on market: 22 now vs 31 last year

Median & Average Pricing

Year over Year
  • Median: $400,000 (+6.7% YoY)
  • Average: $436,440 (+9.6% 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 March 2026, there are 77 active listings in GURNEE, IL (zip code 60031), compared to 79 the prior year.

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

The median listing price in GURNEE, IL 60031 is $400,000 as of March 2026, a 6.7% increase from $374,900 the prior year.

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

Homes in GURNEE, IL 60031 spend an average of 22 days on the market before going under contract, compared to 31 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 March 2026, GURNEE, IL 60031 is currently a Seller's Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 22 days on market compared to 31 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 $8,000 compared to a typical 5% commission on the median listing price of $400,000. 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.