Housing in Third Lake, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$599,000
Median List Price
$295,000
Price Per Sq Ft
$252
Days on Market
135
Active Inventory
2
Months of Supply
2.0
Seller's market
Zillow Home Value
$399,113
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
100.0%
Sale-to-List Ratio
99.8%
Buyer's market
Market Activity
Source: RedfinHomes Sold
1
New Listings
2
Pending Sales
2
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$252
Median List $/SF
$187
Third Lake vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Third Lake is highlighted.
Median Home Value
Median Price Per Sq Ft
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$329,500
Median Rent
N/A
Total Housing Units
501
Vacancy Rate
2.4%
Owner Occupied
99.2%
Renter Occupied
0.8%
Median Property Tax
$10,001
per year
Monthly Cost (w/ Mortgage)
$2,170
Housing Types
The current median sale price in Third Lake, IL is $599,000 according to Redfin data. Homes spend a median of 135 days on the market. 0.0% of homes sold above asking price. The market has 2.0 months of supply. The median price per square foot is $252. About 99.2% of housing units are owner-occupied. The median year homes were built is 1985. There are 501 total housing units.