Real Estate Market Update for Grayslake, IL
Welcome to August's Market Update. Let’s take a look at residential real-estate activity in your area during the month of July. The number of active listings was down 13% from one year earlier, and up 10% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 240-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 22%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 190-thousand dollars. The number of units sold increased 8% year-over-year, and decreased 4% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for Grayslake, IL
Area Information for Grayslake, IL
  • Population: 21,173
  • Median Age: 37.99 yr
  • Median Commute Time: 34 mins
  • Educational Climate*: 4
  • Sales Tax: 7%
  • Population Density: 1,916/sq mi
  • Population Change Since 2000: 10.32%
  • Closest Airport: Chicago O'hare International
  • Closest College: Univ St Mary The Lake-mundelein Seminary
  • Closest Jr. College: College Of Lake County
  • Median Household Income: $87,435
  • Annual Residential Turnover: 11%
  • Median Home Sales Price: $191,500
  • Closest Major Sports Team: Chicago Sky
  • Change Avg. Household Income Since 2000: 29.92%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Grayslake, IL
Median Age: 37.99 Married: 47% Number of Households: 7,685 Households with Children: 3,161
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Grayslake, IL

      School Name Distance Type Grades School Rating Parent Rating
      Gloryland Preschool 0.9 mi Private PRESCHOOL-PRESCHOOL 0 0
      Westlake Christian Academy 0.9 mi Private PRESCHOOL-12 0 0
      St Gilbert Elementary School 1.0 mi Catholic PRESCHOOL-8 0 0
      Prairieview School 1.2 mi Public PRESCHOOL-4 4 0
      Grayslake Early Childhood 1.2 mi Public PRESCHOOL-PRESCHOOL 0 0
      Peppermint Stick Preschool & Learning Center 1.3 mi Private PRESCHOOL-K 0 0
      Woodview School 1.4 mi Public K-4 3 0
      Grayslake Central High School 1.5 mi Public 9-12 3 4
      Grayslake Community High School North 1.6 mi Public 9-12 4 4
      Grayslake Middle School 1.9 mi Public 7-8 4 0
      Old School Montessori 1.9 mi Private PRESCHOOL-6 0 0
      Afterschool Club Adpk 2.0 mi Private K-K 0 0
      Frederick School 2.2 mi Public 5-6 0 0
      Prairie Crossing Charter School 2.4 mi Public K-8 5 4
      Meadowview School 2.5 mi Public K-4 4 0
      Lake Co High Schools Tech Campus 3.0 mi Public 11-12 0 0
      The Goddard School Third Lake 3.7 mi Private PRESCHOOL-K 0 0
      Sedol Sector Programs 3.9 mi Public PRESCHOOL-12 0 0
      Lake Co Collaborative Alop 3.9 mi Public 7-12 0 0
      Gages Lake School 3.9 mi Public PRESCHOOL-8 0 0
      Cyd Lash Academy 4.0 mi Public 9-12 0 0
      Laremont School 4.1 mi Public UNGRADE-UNGRADE 0 0
      Woodland Elementary School 4.7 mi Public 1-3 0 0
      Woodland Primary School 4.7 mi Public PRESCHOOL-K 0 0
      Woodland Elementary West School 4.7 mi Public 1-3 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Grayslake, IL
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.