295 homes sold in Grayslake in the last year, at a typical $347K
Houses and condos split the market almost evenly. 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 Grayslake homes are listed.
Every place Grayslake 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 Grayslake.
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 60% of Grayslake’s sales, at a typical $412K
295 homes sold in the year to May 2026.
typical sale · 176 sold in 12 months
- Per square foot
- $211IL $180
- Days to sell
- 49
- Sold over asking
- 52%
- Listings with a price cut
- 15%
Multi-family (2–4 units): 1 sold, typical $347K
Townhouses: 110 sold, typical $291K
Condos: 8 sold, typical $237K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2021, at 1.8 times the 2016 price
295 sales in the last year, against 596 in 2020 and a low of 281 in 2025. The typical sale went from $196K in 2016 to $347K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $350K buys in Grayslake
Check a listing against what Grayslake 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 Grayslake are more common than before the pandemic, but two thirds fewer homes come up for sale
We read every month of Grayslake’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 May 2026, 295 sales.
If you’re buying in Grayslake
- Shop in March. It brings about 54 new listings a month, close to the busiest month, with fewer bidding wars (27% over asking).
- Less room to haggle. Only 14% of listings cut their price, against 27% before the pandemic.
- Bid near asking. Buyers paid 100.4% of the list price on average; 48% paid over.
- Move fast on good ones. 62% of homes are under contract within two weeks.
Spring brings the homes; summer brings the bidding wars
May has the most new listings (about 61 a month), but July is the most competitive: 33% of July sales close over asking. March offers nearly as much choice with fewer homes bid up (27%). January has the least competition (16%) but only about 28 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and hotter than Illinois
| Grayslake now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 48% | 13% | 50% | 37% |
| Gone within two weeksShare of homes under contract within 14 days | 62% | 30% | 58% | 46% |
| Listings with a price cutShare of homes for sale that cut their price | 14% | 27% | 23% | 19% |
| Price paid vs. askingAverage sale price ÷ list price | 100.4% | 97.6% | 100.2% | 99.2% |
| Days to sellMedian days from listing to contract | 48 | 75 | 13 | 49 |
51 homes for sale on a typical day
That’s 1.3 times the 2021 low (41), 68% fewer than in 2017–19 and well under 2019’s 175.
1 in 7 listings has cut its price
14% in the last year, against 27% in 2017–19 and 19% across Illinois.
Since 2019, houses are up 72%, condos 41%
A house typically sold for $412K in the last year (176 sales), a condo for $237K (8).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Grayslake ranks 40th of 324 busy Illinois markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Grayslake is one of the state’s hottest markets.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Five things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 16.
Best time to buySchools
The schools grade for Grayslake, from test results, graduation and how much students grow.
Schools in GrayslakeTypical commute
The average one-way trip to work for people who live in Grayslake.
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.
Hainesville, Round Lake Park, Round Lake and Round Lake Beach sell for less a square foot
The busier markets within 25 miles of Grayslake, 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 | |
|---|---|---|---|---|---|
| Grayslake | 295 | $347K | $198 | 48% | 48 |
| Round Lake Beach | 283 | $263K | $190 | 45% | 52 |
| Round Lake | 217 | $315K | $168 | 41% | 52 |
| Gages Lake | 144 | $346K | $193 | 44% | 46 |
| Round Lake Park | 93 | $221K | $154 | 38% | 54 |
| Grandwood Park | 70 | $376K | $195 | 44% | 51 |
| Hainesville | 51 | $283K | $173 | 53% | 53 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Grayslake, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Grayslake. People who follow the town see it, and so do people comparing Grayslake with their own town. No commission, no listing fee.
Questions about buying a home in Grayslake
What do homes sell for in Grayslake, IL?
295 homes sold in the year to May 2026 at a typical $347K, $198 a square foot.
Is Grayslake a buyer’s or seller’s market?
A seller’s market: 61 homes were for sale in May 2026 and 32 sold, about 1.9 months of supply. Buyers paid 100.4% of asking on average, and 14% of listings cut their price.
When is the best time to buy in Grayslake?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
Where can I see homes for sale in Grayslake?
Zillow, Redfin, Realtor.com and Homes.com all carry Grayslake’s MLS listings; the search links above open each one filtered to Grayslake.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). 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).