Housing in Channel Lake, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$299,000
Median List Price
$369,999
Price Per Sq Ft
$127
Days on Market
271
Active Inventory
8
Months of Supply
8.0
Buyer's market
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
0.0%
Sale-to-List Ratio
100.0%
Seller's market
Market Activity
Source: RedfinHomes Sold
1
New Listings
1
Pending Sales
3
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$127
Median List $/SF
$201
Channel Lake vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Channel Lake is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$210,400
Median Rent
$1,526
Total Housing Units
853
Vacancy Rate
8.0%
Owner Occupied
78.7%
Renter Occupied
21.3%
Median Property Tax
$5,925
per year
Monthly Cost (w/ Mortgage)
$1,248
Housing Types
The current median sale price in Channel Lake, IL is $299,000 according to Redfin data. Homes spend a median of 271 days on the market. 0.0% of homes sold above asking price. The market has 8.0 months of supply. The median price per square foot is $127. The median rent is $1,526 per month (Census ACS). About 78.7% of housing units are owner-occupied. The median year homes were built is 1962. There are 853 total housing units.