Is Grayslake, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Grayslake has remained a Seller's Market.
Housing Prices in Grayslake, IL
How much do homes in Grayslake, IL cost?
Median Sold Price
$297,700
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Grayslake was $297,700 in February 2024, up 6.3% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80K | $114.4K | +43.1% |
2 Bedrooms | $220K | $225K | +2.3% |
3 Bedrooms | $280K | $304K | +8.6% |
4 Bedrooms | $391.7K | $420K | +7.2% |
5+ Bedrooms | $360K | $387.4K | +7.6% |
Summary: Grayslake housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.1%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 7.6%.
Median Sold Price Compared To Nearby Cities
Hainesville | $240K | $267.9K | +11.6% |
Avon Township | $225K | $245.2K | +9.0% |
Round Lake Beach | $204.8K | $219K | +6.9% |
Grayslake | $280K | $297.7K | +6.3% |
Housing Supply in Grayslake, IL
How many homes are available in Grayslake, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
67 | 86 | +28.4% |
Summary: The Grayslake real estate market had 86 homes for sale in February 2024, a 28.4% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 27 | 35 | +29.6% |
3 Bedrooms | 25 | 34 | +36.0% |
4 Bedrooms | 11 | 13 | +18.2% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Grayslake housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 29.6%, 3 bedroom homes increased by 36%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
18 | 27 | +50.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Grayslake in February 2024, up by 50.0% month-over-month. Of the 27 sold homes, 59% were sold under asking, 15% were sold at asking, and 26% were sold over asking.
Days on Market for Grayslake, IL
How long does it take to sell a home in Grayslake, IL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
36 Days | 28 Days | -22.4% |
Summary: Homes in Grayslake had an average of 28 days on market in Feb 2024, down by 22.4% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 27 homes were sold in Grayslake; 67% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.