Waukegan, Illinois Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demand Fundamentals
Waukegan, Illinois
3 ZIPs in this city:
60079
60085
60087
Market Hotness
86
Hotness Rank
--
Hotness Score
86
Supply Score
94
Demand Score
77
DOM vs US
-27.0%
Faster
Price vs US
59%
Below avg
Median Listing Price
$264K
Population
99,634
Households
270,618
Median Days on Market
24
Active Listings
37
New Listings
38
Housing Market
Pricing
Median Listing Price
$264K
+2.2% YoY
Average Listing Price
$275K
-0.6% YoY
Price per Sq Ft
$180.054
+3.9% YoY
Median Sq Ft
1,469
-7.1% YoY
Inventory
Active Listings
37
-11.9% YoY
New Listings
38
-32.1% YoY
Total Listings
98
-6.7% YoY
Buyer Competition
Pending Listings
58
-7.9% YoY
Pending Ratio
1.57
+3.0% YoY
Median Days on Market
24
-19.8% YoY
Price Reduced
14.4%
+24.6% YoY
FY2026 Fair Market Rent — Lake County
HUD government estimate (40th percentile) — not actual market asking rent.
Studio
$1,480
/month
1 BR
$1,581
/month
2 BR
$1,781
/month
3 BR
$2,294
/month
4 BR
$2,653
/month
FMR Trends — Lake County
Source: HUD Fair Market Rents
Demand Fundamentals
Median Age
39.1
2024
Population
Total Population
99,634
-0.6% YoY
Lake County Population
718,604
+0.6% YoY
Households
Total Housing Units
270,618
+0.2% YoY
Age
2024 Age Mix
714K
residents
Under 18
166,306
23.3%
Adults 18–64
435,125
60.9%
65 & Over
112,792
15.8%
Age Composition Over Time
2017–2024
Population Under 18
166,306
-1.1% YoY
Population 65 & Over
112,792
+3.6% YoY
Median Age
39.10
+0.5% YoY
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