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Island Lake, IL Real Estate & Property Data

Island Lake Real Estate Market Trends

Last Updated: September 06, 2025

Accurate and comprehensive real estate data is critical for insight into Island Lake, IL 60042. ATTOM’s Island Lake real estate data is updated daily, and current market trends show that in Island Lake, IL a total of 152 residential properties have sold over the past year. With a median home price of $406,000 in Island Lake and a total of 5 foreclosures. Get detailed property data for Island Lake, IL instantly. ATTOM is your one-stop-shop for the Island Lake property reports and real estate data you need in Island Lake, IL.

Island Lake Real Estate Market Trends

Get property data for any address in Island Lake, IL or the country:

Total Residential Properties 3,341

Total Commercial Properties 99

Avg. Home Age (Single Family Home) 47 Years

Avg. Square Feet (Single Family Home) 1,627

Total 2025 Residential Sales (year-to-date) 63

% of Homes Seriously Underwater (Q3 2025) 0.42%

Total 2024 Residential Sales 147

% of Equity Rich Homes (Q3 2025) 50.72%

Effective 2024 Property Tax 1.81%

Total Foreclosure Filings (year-to-date) 14

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Island Lake, IL 60042 Real Estate Overview

There were 152 residential properties sold in the past year in Island Lake, IL 60042. The median home value in Island Lake, IL 60042 is $294,919. There are a total of 3,341 residential properties in the 60042.

Median Sales Price i

$406,000

(Jun 2025)

+44%

year-over-year

y-o-y

June '25 Jun '25 $406,000
May '25 May '25 $285,000
April '25 Apr '25 $345,000
March '25 Mar '25 $320,500
February '25 Feb '25 $310,000
January '25 Jan '25 $293,000
December '24 Dec '24 $319,500
November '24 Nov '24 $315,000
October '24 Oct '24 $254,500
September '24 Sep '24 $315,000
August '24 Aug '24 $270,000
July '24 Jul '24 $300,000

Median Down Payment i

$81,100

(Jun 2025)

+408.5%

year-over-year

y-o-y

June '25 Jun '25 $81,100
May '25 May '25 $46,861
April '25 Apr '25 $19,000
March '25 Mar '25 $97,100
February '25 Feb '25 $65,000
January '25 Jan '25 $15,005
December '24 Dec '24 $11,250
November '24 Nov '24 $16,000
October '24 Oct '24 $14,169
September '24 Sep '24 $23,000
August '24 Aug '24 $13,500
July '24 Jul '24 $55,500

Number of Homes Sold i

15

(Jun 2025)

+36.4%

year-over-year

y-o-y

June '25 Jun '25 15
May '25 May '25 10
April '25 Apr '25 14
March '25 Mar '25 5
February '25 Feb '25 7
January '25 Jan '25 12
December '24 Dec '24 10
November '24 Nov '24 17
October '24 Oct '24 13
September '24 Sep '24 10
August '24 Aug '24 6
July '24 Jul '24 22

Number of Purchase Loans i

15

(Jun 2025)

+25%

year-over-year

y-o-y

June '25 Jun '25 15
May '25 May '25 13
April '25 Apr '25 14
March '25 Mar '25 7
February '25 Feb '25 7
January '25 Jan '25 11
December '24 Dec '24 8
November '24 Nov '24 11
October '24 Oct '24 10
September '24 Sep '24 10
August '24 Aug '24 7
July '24 Jul '24 22

Number of REFI Loans i

8

(Jun 2025)

+33.3%

year-over-year

y-o-y

June '25 Jun '25 8
May '25 May '25 6
April '25 Apr '25 17
March '25 Mar '25 6
February '25 Feb '25 3
January '25 Jan '25 6
December '24 Dec '24 6
November '24 Nov '24 11
October '24 Oct '24 10
September '24 Sep '24 3
August '24 Aug '24 4
July '24 Jul '24 10

Number of HELOC Loans i

2

(Jun 2025)

year-over-year

y-o-y

June '25 Jun '25 2
May '25 May '25 2
April '25 Apr '25 6
March '25 Mar '25 4
February '25 Feb '25 4
January '25 Jan '25 4
December '24 Dec '24 9
November '24 Nov '24 3
October '24 Oct '24 4
September '24 Sep '24 3
August '24 Aug '24 5
July '24 Jul '24 5

Island Lake, IL 60042 Real Estate Market Overview

Last 30 days

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Street

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Island Lake, IL 60042 Foreclosure Activity

There were a total of 5 Island Lake, IL 60042 properties with a foreclosure filing in June 2025.

Total Foreclosure Filings i

5

(Jun 2025)

June '25 Jun '25 5
May '25 May '25 2
April '25 Apr '25 1
March '25 Mar '25 1
February '25 Feb '25 3
January '25 Jan '25 2
December '24 Dec '24 2
November '24 Nov '24 2
October '24 Oct '24 N/A
September '24 Sep '24 3
August '24 Aug '24 5
July '24 Jul '24 2

Foreclosure Starts i

5

(Jun 2025)

June '25 Jun '25 5
May '25 May '25 2
April '25 Apr '25 1
March '25 Mar '25 N/A
February '25 Feb '25 2
January '25 Jan '25 1
December '24 Dec '24 N/A
November '24 Nov '24 1
October '24 Oct '24 N/A
September '24 Sep '24 1
August '24 Aug '24 5
July '24 Jul '24 2

Completed Foreclosures (REOs) i

June '25 Jun '25 N/A
May '25 May '25 N/A
April '25 Apr '25 N/A
March '25 Mar '25 N/A
February '25 Feb '25 N/A
January '25 Jan '25 N/A
December '24 Dec '24 1
November '24 Nov '24 N/A
October '24 Oct '24 N/A
September '24 Sep '24 N/A
August '24 Aug '24 N/A
July '24 Jul '24 N/A

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