Housing in Royal Lakes, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$45,000
Median List Price
N/A
Price Per Sq Ft
$40
Days on Market
112
Active Inventory
1
Months of Supply
1.0
Seller's market
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
100.0%
Off Market in 2 Weeks
0.0%
Sale-to-List Ratio
100.7%
Seller's market
Market Activity
Source: RedfinHomes Sold
1
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$40
Royal Lakes vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Royal Lakes is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$54,400
Median Rent
$283
Total Housing Units
136
Vacancy Rate
25.0%
Owner Occupied
58.8%
Renter Occupied
41.2%
Median Property Tax
$1,045
per year
Monthly Cost (w/ Mortgage)
$620
Housing Types
The current median sale price in Royal Lakes, IL is $45,000 according to Redfin data. Homes spend a median of 112 days on the market. 100.0% of homes sold above asking price. The market has 1.0 months of supply. The median price per square foot is $40. The median rent is $283 per month (Census ACS). About 58.8% of housing units are owner-occupied. The median year homes were built is 1999. There are 136 total housing units.