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Sheriff Sale Homes in Round Lake, IL

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Round Lake, IL Foreclosures

Current Market Conditions in in Round Lake, IL As of February 2026?
Over the past month, Round Lake has witnessed a slight uptick in home prices as a result of increased interest from buyers. The competition remains high, especially for single-family homes near lakes and parks, due to the appealing lifestyle that Round Lake offers. Seasonal factors may have influenced this trend, as spring typically brings more buyers into the market. Active listings have decreased slightly, leading to further upward pressure on prices as sellers take advantage of these favorable conditions.
How much do homes sell for in Round Lake, IL?
The average home price is currently $325,166.
In Round Lake, IL, how many homes are available?
There are currently 5 active home listings available in Round Lake.
What’s the average rental cost in Round Lake, IL?
The average rental price in Round Lake is $1,652.
What is the most expensive home in Round Lake?
The most expensive home sold in Round Lake had a price of $5,147,548.
What is currently the cheapest priced home in Round Lake, IL?
The cheapest home for sale in Round Lake is priced at $10,997.

Living in Round Lake, IL

Round Lake, IL, is a scenic village in Lake County known for its family-friendly atmosphere and beautiful lakes. It offers a peaceful lifestyle complemented by community events, outdoor activities, and excellent education options. With easy access to amenities and nearby cities, it's an attractive location for both families and professionals.

Buyer vs Seller Market in Round Lake, IL

Round Lake's real estate market has shown a steady growth trend over the past year, with many homes appreciating in value due to high demand and limited inventory. The area has attracted families seeking affordable housing while still providing a suburban feel and access to essential amenities.

Potential buyers are finding Round Lake an appealing option, as prices remain relatively lower than neighboring suburbs, making it a cost-effective choice for house hunters. The market is competitive, with many properties receiving multiple offers, indicating strong interest from buyers.

Home Value Estimator For Round Lake, IL

There are currently 6,611 real estate properties in Round Lake, IL, with a median automated valuation model (AVM) price of $319,104.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Round Lake, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Round Lake, IL, is $325,166.00, with the most expensive house in Round Lake, IL, topping out at $5,147,548.00 and the cheapest home in Round Lake, IL, clocking in at $10,997.00. In other words, there’s something for every potential homebuyer or savvy investor in Round Lake, IL!

Rent Prices In Round Lake, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Round Lake, IL, is on a rollercoaster ride. The average rent price in Round Lake, IL, is $1,652.00. Indeed, when looking to rent in Round Lake, IL, you can expect to pay as little as $880.00 or as much as $3,160.00, with the average rent median estimated to be $1,590.00. The good news is that finding an affordable and desirable property to rent in Round Lake, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Round Lake, IL Sheriff Sale Homes


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