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ISLAND LAKE, IL 60042

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

Market Analysis

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

The ISLAND LAKE, IL real estate market (60042) currently shows 20 active listings, with 11 pending sales. Homes are averaging 25 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 25 days on market compared to 30 days last year.

The median listing price has fallen 0% year-over-year, from $354,950 to $354,925.

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Market Context

Market Context

Population: 8,589  ·  Density: 726.2/mi²  ·  Median household income: $89,660

Typical home value: $225,142  ·  Homeownership: 81.7%

Market Overview

Active Listings
20
⇩ 9.1% vs 22 last year
Pending
11
55% pending ratio
Median Price
$354,925
— vs $354,950 last year
Average Price
$397,986
⇧ 0.2% vs $397,001 last year
Days on Market
25
⇩ 16.7% vs 30 days last year

Price Per Square Foot

Median $/sqft
$228
⇧ 8.6% vs $210/sqft last year
Median Home Size
1,537 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 20 this year vs 22 last year
  • Days on market: 25 now vs 30 last year

Median & Average Pricing

Year over Year
  • Median: $354,925 (+-0% YoY)
  • Average: $397,986 (+0.2% 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 13.1 miles — 821 listings ($411,478,660 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60042Island Lake, IL 600420.0 mi17$5,125,313$299,925$301,489
60013Cary, IL 600134.5 mi47$23,323,327$407,175$496,241
60012Crystal Lake, IL 600125.8 mi32$16,251,008$433,450$507,844
60050Mchenry, IL 600506.0 mi66$20,177,454$279,999$305,719
60073Round Lake, IL 600736.9 mi113$32,463,431$263,000$287,287
60060Mundelein, IL 600608.1 mi91$57,049,720$439,995$626,920
60030Grayslake, IL 600308.7 mi66$26,088,150$344,250$395,275
60047Lake Zurich, IL 600479.5 mi126$112,419,720$829,925$892,220
60156Lake In The Hills, IL 601569.8 mi45$18,884,835$422,475$419,663
60097Wonder Lake, IL 6009711.5 mi67$23,890,123$317,490$356,569
60110Carpentersville, IL 6011011.7 mi44$12,983,432$276,250$295,078
60061Vernon Hills, IL 6006112.5 mi62$34,048,292$455,000$549,166
60118Dundee, IL 6011813.1 mi45$28,773,855$478,750$639,419

Frequently Asked Questions

How many homes are for sale in ISLAND LAKE, IL 60042?

As of September 2026, there are 20 active listings in ISLAND LAKE, IL (zip code 60042), compared to 22 the prior year.

What is the median home price in ISLAND LAKE, IL 60042?

The median listing price in ISLAND LAKE, IL 60042 is $354,925 as of September 2026, a 0% increase from $354,950 the prior year.

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

Homes in ISLAND LAKE, IL 60042 spend an average of 25 days on the market before going under contract, compared to 30 days the prior year.

Is it a seller's or buyer's market in ISLAND LAKE, IL 60042?

Based on current inventory and days-on-market data as of September 2026, ISLAND LAKE, IL 60042 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 25 days on market compared to 30 days last year.

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

With SELL123.com's maximum 3% commission, sellers in ISLAND LAKE, IL 60042 save an estimated $7,099 compared to a typical 5% commission on the median listing price of $354,925. 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.