Photo: Sdancuo · CC BY-SA 4.014 homes sold in Third Lake in the last year, at a typical $493K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, and a shortcut to every site where Third Lake homes are listed.
Every place Third 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 Third 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 Third Lake’s sales, at a typical $493K
14 homes sold in the year to May 2026.
typical sale · 14 sold in 12 months
- Per square foot
- $232IL $180
- Days to sell
- 60
- Sold over asking
- 50%
- Listings with a price cut
- 50%
Fewer homes sell than before 2021, at 1.8 times the 2017 price
14 sales in the last year, against 31 in 2020 and a low of 15 in 2025. The typical sale went from $269K in 2017 to $493K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $500K buys in Third Lake
Check a listing against what Third 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.
Four things worth knowing
Schools
The schools grade for Third Lake, from test results, graduation and how much students grow.
Schools in Third LakeTypical commute
The average one-way trip to work for people who live in Third 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.
Post your home to Third Lake, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Third Lake. People who follow the town see it, and so do people comparing Third Lake with their own town. No commission, no listing fee.
Questions about buying a home in Third Lake
What do homes sell for in Third Lake, IL?
14 homes sold in the year to May 2026 at a typical $493K, $232 a square foot.
Is Third Lake a buyer’s or seller’s market?
A seller’s market: 1 homes were for sale in May 2026 and 1 sold, about 1 months of supply. Buyers paid 102.7% of asking on average, and 50% of listings cut their price.
Where can I see homes for sale in Third Lake?
Zillow, Redfin, Realtor.com and Homes.com all carry Third Lake’s MLS listings; the search links above open each one filtered to Third Lake.
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).