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WAUKEGAN, IL 60087

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

Market Overview

Active Listings
28
⇩ 37.8% vs 45 last year
Pending
18
64% pending ratio
Median Price
$270,633
⇩ 6.7% vs $289,975 last year
Average Price
$271,785
⇩ 4.7% vs $285,164 last year
Days on Market
33
⇩ 19.5% vs 41 days last year

Market Context

Population: 27,815  ·  Density: 828.4/mi²  ·  Median household income: $75,691

Typical home value: $171,080  ·  Homeownership: 59.5%

Market Analysis

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

The WAUKEGAN, IL real estate market (60087) currently shows 28 active listings, with 18 pending sales. Homes are averaging 33 days on the market before going under contract.

Inventory has tightened compared to last year, with 17 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 33 days on market compared to 41 days last year.

The median listing price has fallen 6.7% year-over-year, from $289,975 to $270,633.

Whether you are buying or selling in WAUKEGAN, 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: 28 this year vs 45 last year
  • Days on market: 33 now vs 41 last year

Median & Average Pricing

Year over Year
  • Median: $270,633 (-6.7% YoY)
  • Average: $271,785 (-4.7% 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 15.3 miles — 560 listings ($395,115,184 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60087Waukegan, IL 600870.0 mi28$7,609,980$270,633$271,785
60099Zion, IL 600993.9 mi62$17,719,414$279,950$285,797
60083Wadsworth, IL 600835.1 mi24$22,451,592$526,950$935,483
60064North Chicago, IL 600645.6 mi10$2,283,580$219,900$228,358
53158Pleasant Prairie, WI 531588.4 mi36$21,871,008$536,400$607,528
60046Lake Villa, IL 6004610.5 mi55$27,236,055$395,950$495,201
60030Grayslake, IL 6003010.8 mi63$24,964,569$347,450$396,263
60045Lake Forest, IL 6004511.5 mi62$187,589,866$1,950,000$3,025,643
60061Vernon Hills, IL 6006113.0 mi63$35,273,889$475,000$559,903
60073Round Lake, IL 6007313.3 mi105$28,310,835$249,999$269,627
53104Bristol, WI 5310413.9 mi10$7,559,440$549,000$755,944
53140Kenosha, WI 5314014.9 mi24$6,481,608$242,450$270,067
60041Ingleside, IL 6004115.3 mi18$5,763,348$297,450$320,186

Frequently Asked Questions

How many homes are for sale in WAUKEGAN, IL 60087?

As of January 2026, there are 28 active listings in WAUKEGAN, IL (zip code 60087), compared to 45 the prior year.

What is the median home price in WAUKEGAN, IL 60087?

The median listing price in WAUKEGAN, IL 60087 is $270,633 as of January 2026, a 6.7% decrease from $289,975 the prior year.

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

Homes in WAUKEGAN, IL 60087 spend an average of 33 days on the market before going under contract, compared to 41 days the prior year.

Is it a seller's or buyer's market in WAUKEGAN, IL 60087?

Based on current inventory and days-on-market data as of January 2026, WAUKEGAN, IL 60087 is currently a Seller's Market. Inventory has tightened compared to last year, with 17 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 33 days on market compared to 41 days last year.

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

With SELL123.com's maximum 3% commission, sellers in WAUKEGAN, IL 60087 save an estimated $5,413 compared to a typical 5% commission on the median listing price of $270,633. 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.