Housing in Grayslake, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$337,000
Median List Price
$344,950
Price Per Sq Ft
$196
Days on Market
71
Active Inventory
34
Months of Supply
1.9
Seller's market
Zillow Home Value
$349,648
ZHVI — January 2026
Zillow Rent Index
$1,795
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
16.7%
Off Market in 2 Weeks
65.0%
Sale-to-List Ratio
98.3%
Buyer's market
Market Activity
Source: RedfinHomes Sold
18
New Listings
22
Pending Sales
20
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$196
Median List $/SF
$207
Grayslake vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Grayslake 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
$293,900
Median Rent
$1,434
Total Housing Units
8,268
Vacancy Rate
4.0%
Owner Occupied
76.3%
Renter Occupied
23.7%
Median Property Tax
$10,001
per year
Monthly Cost (w/ Mortgage)
$2,037
Housing Types
The current median sale price in Grayslake, IL is $337,000 according to Redfin data. Homes spend a median of 71 days on the market. 16.7% of homes sold above asking price. The market has 1.9 months of supply. The median price per square foot is $196. Zillow's observed rent index is $1,795/month. About 76.3% of housing units are owner-occupied. The median year homes were built is 1994. There are 8,268 total housing units.