Waukegan, IL 60087 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demand Fundamentals
Waukegan, IL — 60087
Median Listing Price
$300K
Population
27,293
Households
270,618
Median Days on Market
19
Active Listings
9
New Listings
10
Housing Market
Pricing
Median Listing Price
$300K
+2.6% YoY
Average Listing Price
$296K
-7.8% YoY
Price per Sq Ft
$202
+4.9% YoY
Median Sq Ft
1,427
-23.2% YoY
Inventory
Active Listings
9
-37.9% YoY
New Listings
10
-50.0% YoY
Total Listings
31
-24.7% YoY
Buyer Competition
Pending Listings
21
-19.2% YoY
Pending Ratio
2.33
+54.0% YoY
Median Days on Market
19
-35.1% YoY
Price Reduced
10.6%
-3.1% 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
ZIP Population
27,293
-0.5% 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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