Photo: SkibumPMC · Public domain36 homes sold in Channel Lake in the last year, at a typical $278K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Channel Lake homes are listed.
Every place Channel Lake homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Channel Lake.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 100% of Channel Lake’s sales, at a typical $329K (year to May 2026)
36 homes sold in the year to September 2026.
typical sale · 32 sold in the year to May 2026
- Per square foot
- $205IL $180
- Days to sell
- 72
- Sold over asking
- 41%
- Listings with a price cut
- 30%
About as many homes sell as usual, at 2.3 times the 2016 price
36 sales in the last year, against 55 in 2021 and a low of 25 in 2012. The typical sale went from $124K in 2016 to $278K.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $300K buys in Channel Lake
Check a listing against what Channel Lake homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Channel Lake are more common than before the pandemic, but 45% fewer homes come up for sale
We read every month of Channel Lake’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 36 sales.
If you’re buying in Channel Lake
- Shop in July. It brings about 6 new listings a month, close to the busiest month, with fewer bidding wars (26% over asking).
- Bid near asking. Buyers paid 99.9% of the list price on average; 26% paid over.
- Move fast on good ones. Half of homes are under contract within two weeks.
Summer brings the homes; spring brings the bidding wars
July has the most new listings (about 6 a month), but April is the most competitive: 41% of April sales close over asking. January has the least competition (14%) but only about 2 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and calmer than Illinois
| Channel Lake now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 26% | 15% | 45% | 36% |
| Gone within two weeksShare of homes under contract within 14 days | 52% | 23% | 60% | 45% |
| Price paid vs. askingAverage sale price ÷ list price | 99.9% | 95.6% | 98.6% | 99% |
| Days to sellMedian days from listing to contract | 68 | 107 | 25 | 51 |
8 homes for sale on a typical day
That’s 45% fewer than in 2017–19 and well under 2013’s 24.
Source: Redfin Data Center, city figures, January 2012 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Channel Lake home costs about $2,004 a month
Price: Channel Lake’s typical sale, last 12 months. Property tax at Channel Lake’s 2.4% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Channel Lake is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in July
The month with the most choice. December has the fewest, about 2.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $278K home, about $6,650 a year.
Taxes vs. neighborsSchools
The schools grade for Channel Lake, from test results, graduation and how much students grow.
Schools in Channel LakeTypical commute
The average one-way trip to work for people who live in Channel Lake.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Antioch, Fox Lake and Spring Grove sell for less a square foot; Twin Lakes for far more
The busier markets within 25 miles of Channel Lake, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Fox Lake | 237 | $248K | $182 | 33% | 56 |
| Antioch | 184 | $374K | $176 | 46% | 50 |
| Salem Lakes | 173 | $389K | $225 | 32% | 44 |
| Twin Lakes | 98 | $404K | $265 | 30% | 64 |
| Spring Grove | 55 | $553K | $189 | 33% | 81 |
| Fox Lake Hills | 40 | $331K | $198 | 31% | 49 |
| Channel Lake | 36 | $278K | $197 | 26% | 68 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Channel Lake, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Channel Lake. People who follow the town see it, and so do people comparing Channel Lake with their own town. No commission, no listing fee.
Questions about buying a home in Channel Lake
What do homes sell for in Channel Lake, IL?
36 homes sold in the year to September 2026 at a typical $278K, $197 a square foot.
Is Channel Lake a buyer’s or seller’s market?
A seller’s market: 9 homes were for sale in September 2026 and 4 sold, about 1.9 months of supply. Buyers paid 99.9% of asking on average.
When is the best time to buy in Channel Lake?
July brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Channel Lake?
About 2.4% of a home’s value a year. On a $278K home that’s near $6,650.
Where can I see homes for sale in Channel Lake?
Zillow, Redfin, Realtor.com and Homes.com all carry Channel Lake’s MLS listings; the search links above open each one filtered to Channel Lake.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).