Housing in Gages Lake, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$345,000
Median List Price
$309,450
Price Per Sq Ft
$173
Days on Market
49
Active Inventory
15
Months of Supply
1.7
Seller's market
Zillow Home Value
$316,576
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
33.3%
Off Market in 2 Weeks
26.7%
Sale-to-List Ratio
99.6%
Buyer's market
Market Activity
Source: RedfinHomes Sold
9
New Listings
6
Pending Sales
15
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$173
Median List $/SF
$160
Gages Lake vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Gages 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
$291,200
Median Rent
$1,741
Total Housing Units
4,206
Vacancy Rate
3.7%
Owner Occupied
83.4%
Renter Occupied
16.6%
Median Property Tax
$6,902
per year
Monthly Cost (w/ Mortgage)
$1,774
Housing Types
The current median sale price in Gages Lake, IL is $345,000 according to Redfin data. Homes spend a median of 49 days on the market. 33.3% of homes sold above asking price. The market has 1.7 months of supply. The median price per square foot is $173. The median rent is $1,741 per month (Census ACS). About 83.4% of housing units are owner-occupied. The median year homes were built is 1984. There are 4,206 total housing units.