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VERNON HILLS, IL 60061

Real Estate Market Report  ·  Lake County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
63
⇧ 50% vs 42 last year
Pending
36
57% pending ratio
Median Price
$475,000
⇩ 17.9% vs $578,725 last year
Average Price
$559,903
⇩ 33.6% vs $843,205 last year
Days on Market
70
⇧ 32.1% vs 53 days last year

Market Context

Population: 27,602  ·  Density: 1,275.3/mi²  ·  Median household income: $118,371

Typical home value: $374,879  ·  Homeownership: 66.6%

Market Analysis

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

The VERNON HILLS, IL real estate market (60061) currently shows 63 active listings, with 36 pending sales. Homes are averaging 70 days on the market before going under contract.

Inventory has increased compared to last year, with 21 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 70 days on market compared to 53 days last year.

The median listing price has fallen 17.9% year-over-year, from $578,725 to $475,000.

Whether you are buying or selling in VERNON HILLS, 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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 63 this year vs 42 last year
  • Days on market: 70 now vs 53 last year

Median & Average Pricing

Year over Year
  • Median: $475,000 (-17.9% YoY)
  • Average: $559,903 (-33.6% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 11.6 miles — 707 listings ($672,111,972 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60061Vernon Hills, IL 600610.0 mi63$35,273,889$475,000$559,903
60048Libertyville, IL 600484.3 mi48$39,845,760$669,950$830,120
60045Lake Forest, IL 600454.6 mi62$187,589,866$1,950,000$3,025,643
60047Lake Zurich, IL 600474.9 mi112$97,679,008$836,450$872,134
60015Deerfield, IL 600156.1 mi45$46,467,675$759,450$1,032,615
60040Highwood, IL 600407.8 mi2$1,149,900$574,950$574,950
60064North Chicago, IL 600648.0 mi10$2,283,580$219,900$228,358
60035Highland Park, IL 600358.4 mi59$85,258,245$907,500$1,445,055
60070Prospect Heights, IL 600709.1 mi34$11,828,566$249,500$347,899
60062Northbrook, IL 600629.5 mi88$100,544,576$769,990$1,142,552
60031Gurnee, IL 600319.8 mi67$26,030,304$365,000$388,512
60073Round Lake, IL 6007311.0 mi105$28,310,835$249,999$269,627
60026Glenview, IL 6002611.6 mi12$9,849,768$750,000$820,814

Frequently Asked Questions

How many homes are for sale in VERNON HILLS, IL 60061?

As of January 2026, there are 63 active listings in VERNON HILLS, IL (zip code 60061), compared to 42 the prior year.

What is the median home price in VERNON HILLS, IL 60061?

The median listing price in VERNON HILLS, IL 60061 is $475,000 as of January 2026, a 17.9% decrease from $578,725 the prior year.

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

Homes in VERNON HILLS, IL 60061 spend an average of 70 days on the market before going under contract, compared to 53 days the prior year.

Is it a seller's or buyer's market in VERNON HILLS, IL 60061?

Based on current inventory and days-on-market data as of January 2026, VERNON HILLS, IL 60061 is currently a Buyer's Market. Inventory has increased compared to last year, with 21 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 70 days on market compared to 53 days last year.

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

With SELL123.com's maximum 3% commission, sellers in VERNON HILLS, IL 60061 save an estimated $9,500 compared to a typical 5% commission on the median listing price of $475,000. 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.