Is Grayslake, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$299,753
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Grayslake was $299,753 in April 2024, up 5.5% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80K | $114.4K | +43.1% |
2 Bedrooms | $220K | $229.5K | +4.3% |
3 Bedrooms | $285K | $302.7K | +6.2% |
4 Bedrooms | $391.7K | $425K | +8.5% |
5+ Bedrooms | $360K | $408K | +13.3% |
Summary: Grayslake housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.1%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 13.3%.
Median Sold Price Compared To Nearby Cities
Avon Township | $227.3K | $250K | +10.0% |
Round Lake Beach | $204.6K | $225K | +9.9% |
Grayslake | $284K | $299.7K | +5.5% |
Hainesville | $259.9K | $265.9K | +2.3% |
Housing Supply in Grayslake, IL
How many homes are available in Grayslake, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
112 | 136 | +21.4% |
Summary: The Grayslake real estate market had 136 homes for sale in April 2024, a 21.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 37 | 50 | +35.1% |
3 Bedrooms | 51 | 53 | +3.9% |
4 Bedrooms | 18 | 28 | +55.6% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Grayslake housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 35.1%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 46 | +64.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in Grayslake in April 2024, up by 64.3% month-over-month. Of the 46 sold homes, 24% were sold under asking, 7% were sold at asking, and 70% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 23 Days | +24.4% |
Summary: Homes in Grayslake had an average of 23 days on market in Apr 2024, up by 24.4% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 46 homes were sold in Grayslake; 87% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.