How Much Is a 3 Bed/2 Bath Home?
Lake County, Illinois, is a diverse and vibrant region that attracts home buyers with its beautiful landscapes, excellent schools, and strong community feel. If you’re considering buying or selling a home here, understanding the median sales prices for 3-bedroom, 2-bath homes is essential. This blog provides a comprehensive overview of the median sales prices in each town across Lake County as of 10/18/24, helping you make informed real estate decisions. (IMPORTANT NOTE: Obviously, these numbers will change, so if you are reading this later on down the road, I’d be happy to provide you with updated numbers!)
Overview of Lake County Real Estate
According to data from the Illinois Association of Realtors and Zillow, the real estate market in Lake County varies significantly from town to town. Factors such as location, subdivisions, amenities, and local school districts contribute to the differences in median sales prices. Here’s a detailed look at the median sales prices for 3-bedroom, 2-bath homes in every town of Lake County according to them:
Median Sales Prices by Town
Antioch: $295,000
Barrington: $475,000
Buffalo Grove: $425,000
Crystallake: $310,000
Deerfield: $610,000
Fox Lake: $270,000
Grayslake: $305,000
Gurnee: $360,000
Hawthorn Woods: $525,000
Highland Park: $600,000
Lake Barrington: $700,000
Lake Forest: $950,000
Lake Geneva: $350,000
Lake Villa: $320,000
Lake Zurich: $365,000
Lincolnshire: $550,000
Mundelein: $350,000
North Chicago: $215,000
Round Lake Beach: $250,000
Round Lake: $270,000
Wauconda: $310,000
Waukegan: $230,000
Vernon Hills: $375,000
Zion: $220,000
Insights and Trends
Market Trends: The demand for homes in Lake County has remained strong, especially in suburban areas. Families often prioritize good school districts and community amenities, which can drive up prices in certain towns. The variation in median sales prices simply reflects the unique characteristics of each town.
Conclusion
Understanding the median sales prices of 3-bedroom, 2-bath homes across Lake County can empower buyers and sellers alike. Whether you’re looking for an affordable starter home, or a luxurious property, this data provides a snapshot of the market.
For the latest and most accurate information, it’s always recommended to refer to reliable sources like the Illinois Association of Realtors and Zillow as great starting points. Of course, nothing will be as accurate as the data that only a REALTOR® can provide, with the right knowledge, you can navigate the Lake County real estate market confidently and make decisions that align with your goals. Whether you’re buying, selling, or investing, understanding local trends is key to success in today’s real estate landscape.
