Photo: AlphaBeta135 · CC BY 4.0226 homes sold in Round Lake in the last year, at a typical $311K
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 Round Lake homes are listed.
Every place Round 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 Round 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.
7% of Round Lake’s sales are condos, at $169K less than a house
115 houses and 15 condos sold in the year to May 2026.
typical sale · 115 sold in the year to May 2026
- Per square foot
- $170IL $180
- Days to sell
- 54
- Sold over asking
- 47%
- Listings with a price cut
- 14%
typical sale · 15 sold in the year to May 2026
- Per square foot
- $159IL $251
- Days to sell
- 57
- Sold over asking
- 47%
- Listings with a price cut
- 26%
Townhouses: 87 sold, typical $261K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at 1.9 times the 2016 price
226 sales in the last year, against 380 in 2021 and a low of 199 in 2023. The typical sale went from $165K in 2016 to $311K.
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 Round Lake
Check a listing against what Round 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 Round Lake are more common than before the pandemic, but half fewer homes come up for sale
We read every month of Round 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, 226 sales.
If you’re buying in Round Lake
- Shop in March. It brings about 33 new listings a month, close to the busiest month, with fewer bidding wars (30% over asking).
- Bid near asking. Buyers paid 100% of the list price on average; 42% paid over.
- Move fast on good ones. 59% of homes are under contract within two weeks.
Spring brings both the most homes and the most bidding wars
May has the most new listings (about 40 a month), and the most competition: 40% close over asking. March and April offer nearly as much choice with fewer homes bid up (30%). January has the least competition (25%) but only about 20 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and hotter than Illinois
| Round Lake now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 42% | 20% | 54% | 36% |
| Gone within two weeksShare of homes under contract within 14 days | 59% | 37% | 68% | 45% |
| Price paid vs. askingAverage sale price ÷ list price | 100% | 98.1% | 100.4% | 99% |
| Days to sellMedian days from listing to contract | 49 | 62 | 9 | 51 |
44 homes for sale on a typical day
That’s 1.7 times the 2021 low (26), 50% fewer than in 2017–19 and well under 2012’s 120.
Since 2019, houses are up 76%, condos 62%
A house typically sold for $407K in the year to May 2026 (115 sales), a condo for $238K (15).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Round Lake ranks 104th of 327 busy Illinois markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Round Lake is in the middle of the pack.
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 Round Lake home costs about $2,354 a month
Price: Round Lake’s typical sale, last 12 months. Property tax at Round Lake’s 2.8% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Round Lake is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 10.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $311K home, about $8,760 a year.
Taxes vs. neighborsSchools
The schools grade for Round Lake, from test results, graduation and how much students grow.
Schools in Round LakeTypical commute
The average one-way trip to work for people who live in Round 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.
Round Lake Park sells for less a square foot
The busier markets within 25 miles of Round 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 | |
|---|---|---|---|---|---|
| Round Lake Beach | 286 | $272K | $196 | 46% | 50 |
| Round Lake | 226 | $311K | $167 | 42% | 49 |
| Volo | 141 | $348K | $177 | 29% | 77 |
| Round Lake Park | 99 | $226K | $158 | 37% | 55 |
| Hainesville | 45 | $310K | $180 | 50% | 60 |
| Long Lake | 32 | $234K | $193 | 54% | 46 |
| Round Lake Heights | 25 | $335K | $179 | 51% | 56 |
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 Round Lake, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Round Lake. People who follow the town see it, and so do people comparing Round Lake with their own town. No commission, no listing fee.
Questions about buying a home in Round Lake
What do homes sell for in Round Lake, IL?
226 homes sold in the year to September 2026 at a typical $311K, $167 a square foot. Houses sold for about $407K, condos for about $238K in the year to May 2026.
Is Round Lake a buyer’s or seller’s market?
A seller’s market: 51 homes were for sale in September 2026 and 21 sold, about 2.4 months of supply. Buyers paid 100% of asking on average.
When is the best time to buy in Round Lake?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Round Lake?
About 2.8% of a home’s value a year. On a $311K home that’s near $8,760.
Where can I see homes for sale in Round Lake?
Zillow, Redfin, Realtor.com and Homes.com all carry Round Lake’s MLS listings; the search links above open each one filtered to Round 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).