What are current home values in Grayslake, IL?

The median home value in Grayslake, IL is $373,951 as of August 2026. This represents a 0.5% increase compared to last month and a 5.5% increase year-over-year.

How have home values changed in Grayslake, IL?

Home values in Grayslake, IL have increased by 0.5% month-over-month and 5.5% year-over-year.

How do home values in Grayslake, IL compare to Lake County, Illinois, and the national average?

The median home value in Grayslake, IL ($373,951) compares to: Lake County ($399,526), Illinois ($297,573), and the U.S. national median ($368,697).

Grayslake, IL Housing Market

$373,951

5.5% 1-yr

The average Grayslake, IL home value is $373,951, up 5.5% over the past year, and homes go to pending in around 11 days. (Updated on 8/31/2026)

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Grayslake Key Takeaways

Typical Home Values: $373,951

1-Year Value Change: +5.5%

(Data through August 31, 2026)

Grayslake Housing Market Overview

1-Year Market Forecast: --

For Sale Inventory: 62 (August 31, 2026)

New Listings: 28 (August 31, 2026)

Median Sale to List Ratio: 1.015 (July 31, 2026)

Median Sale Price: $391,500 (July 31, 2026)

Median List Price: $398,967 (August 31, 2026)

Percent of Sales Over List Price: 63.5% (July 31, 2026)

Percent of Sales Under List Price: 19.6% (July 31, 2026)

Median Days to Pending: 11 (August 31, 2026)

(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Grayslake

NameMedian ZHVI
Venetian Village$286,511
Green Oaks$799,875
Forest Park--
Trail Meadows$283,487
Westown$145,923
Dugdale Park$247,466
Knollwood$472,961
Argonne Heights$236,446
Lewis Glen$224,656

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Grayslake Rental Market Trends

Average Rent: $2,528 (August 31, 2026)

National Average Rent: $1,948 (August 31, 2026)

Month-Over-Month Change: 0.8% (August 31, 2026)

Year-Over-Year Change: --

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.