Real Estate Market Update for Grayslake, IL
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Welcome to January's Market Update. Let's take a look at residential real-estate activity in your area during the month of January. The number of active listings was down 28% from one year earlier and down 5% from the previous month This smaller inventory means that buyers who waited to buy may have had a smaller selection 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 down 47% This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 140-thousand dollars. The number of units sold was consistent year-over-year and Decreased 42% month-over-month Fewer sales may have indicated an opportunity for buyers to negotiate better sales terms. 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.
Map Information for Grayslake, IL
Area Information for Grayslake, IL
  • Population: 21,191
  • Median Age: 35.63 yr
  • Median Commute Time: 32.28 mins
  • Educational Climate*: 4
  • Recycling Likelihood**: 99
  • Sales Tax: 7%
  • Population Density: 2,065/sq mi
  • Population Change Since 2000: 10%
  • Closest Airport: Chicago O'hare International
  • Closest College: Devry University
  • Closest Jr. College: College Of Lake County
  • Median Household Income: $88,490
  • Annual Residential Turnover: 17.57%
  • Median Years in Residence: 3.52 yr
  • Median Home Sales Price: $184,375
  • Closest Major Sports Team: Chicago Rockstars
  • Change Avg. Household Income Since 2000: 22%
* Scale from 1-5** Index where 100 is the national average
Demographic Data for Grayslake, IL
Median Age: 35.63 Married: 53% Number of Households: 7,850 Households with Children: 3,370
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 GreatSchools Rating Parent Rating
      Westlake Christian Academy 0.9 mi Private PRESCHOOL-12 0 5
      St. Gilbert 1.0 mi Private K-8 0 5
      Gloryland Preschool 1.1 mi Private PRESCHOOL-PRESCHOOL 0 0
      Grayslake Early Childhood 1.2 mi Public PRESCHOOL-PRESCHOOL 0 0
      Prairieview School 1.2 mi Public K-4 3 5
      Peppermint Stick Preschool & Learning Center 1.3 mi Private PRESCHOOL-K 0 0
      Woodview School 1.4 mi Public K-4 3-5 4
      Grayslake Centrol High School 1.5 mi Public 9-12 4-5 3
      Grayslake North High School 1.6 mi Public 9-12 4-5 4
      Grayslake Middle School 1.9 mi Public 7-8 3-5 4
      Old School Montessori 1.9 mi Private PRESCHOOL-6 0 3
      Childrens Corner Develop Ctr 1.9 mi Private PRESCHOOL-K 0 0
      Afterschool Club Adpk 2.0 mi Private K-K 0 0
      Frederick School 2.1 mi Public 5-6 3-5 3
      Prairie Crossing Charter School 2.4 mi Public K-8 5 4
      Meadowview School 2.5 mi Public K-4 4-5 4
      Lake Co High Schools Tech Campus 3.0 mi Public 11-12 0 0
      Lake County Area Voc System 3.0 mi Public - 0 0
      Lake Co Collaborative Alop 3.9 mi Public 7-12 0 0
      Gages Lake School 3.9 mi Public 1-8 0 1
      Cyd Lash Academy 4.0 mi Public 9-12 0 2
      Laremont School 4.1 mi Public PRESCHOOL-12 0 4
      Woodland Elementary West School 4.6 mi Public 1-3 0 0
      Woodland Primary School 4.7 mi Public PRESCHOOL-K 0 0
      Woodland Elementary School 4.8 mi Public 1-3 3 4
      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: GreatSchools.org and Onboard Informatics 2014
      Local Weather for Grayslake, IL
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 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.