Island Lake, IL Real Estate Market Summary – September 7, 2026
In Island Lake, IL, a total of 13 homes were sold in the last 30 days, with an average sale price of $337,802. The market pace measured at 1 home every 2.31 days, indicating a steady turnover of listings.
| Metric | 30 Days |
|---|---|
| Number Sold | 13 |
| Sold Per Day | 1 every 2.31 days |
| Average SQFT | 1828 |
| Median Sales Price | $329,900 |
| Average Sales Price | $337,802 |
| Average Price Per SQFT | $221 |
| Average Days on Market | 18 |
| Average Year Built | 1989 |
Island Lake, IL Single Family Home Analysis
For single-family homes, 10 properties changed hands, averaging a price of $359,092. The average living area for these homes was 2,034 square feet, and they typically spent around 19 days on the market before selling.
| Metric | 30 Days |
|---|---|
| Number Sold | 10 |
| Sold Per Day | 1 every 3.00 days |
| Average SQFT | 2034 |
| Median Sales Price | $350,500 |
| Average Sales Price | $359,092 |
| Average Price Per SQFT | $221 |
| Average Days on Market | 19 |
| Average Year Built | 1986 |
Island Lake, IL Condo & Townhome Analysis
In the condo and townhome segment, 3 units were sold, with an average sale price of $266,833. These properties averaged 1,210 square feet in size and had a median days on market of 17 days.
| Metric | 30 Days |
|---|---|
| Number Sold | 3 |
| Sold Per Day | 1 every 10.00 days |
| Average SQFT | 1210 |
| Median Sales Price | $269,000 |
| Average Sales Price | $266,833 |
| Average Price Per SQFT | $221 |
| Average Days on Market | 17 |
| Average Year Built | 1995 |
Buyer & Seller Analysis
- Average living area for all homes was 1,828 sq ft.
- Median days on market across all segments was 19 days.
- Condos had an average price per square foot of $220.
- Single-family homes had an average price per square foot of $221.
Conclusion
Overall, Island Lake’s real estate market shows consistent activity with reasonable pricing levels. Buyers may find a variety of options across different types of homes, while sellers can expect a reliable pace of closings.