About Round Lake IL Real Estate
Round Lake offers some of the newest housing in this part of Lake County, with Nippersink Forest Preserve right in the middle of town and a Metra stop for commuters. If you’re thinking about buying here, here’s what the market looks like right now, and what I’d want you to know as your agent.
The market right now (September 2026)
Round Lake is a seller’s market, and homes are selling in about a week.
| What it measures | Round Lake |
|---|---|
| Median sold price | $375,000 |
| Median estimated home value | $382,560 (up 4.8% over 12 months) |
| Sold-to-list price | 100.3% (homes are going slightly over asking) |
| Median days on market | 8 days |
| Months of inventory | About 2.5 months |
What this means for you as a buyer: Get pre-approved before you start touring, and plan to decide quickly on the right home. I’ll help you know when to move fast and when it’s okay to negotiate.
What’s selling in Round Lake
Three-bedroom homes are the most common sale in Round Lake, with a good number of 4-bedroom homes too.
- A wide range of prices: Recent sales ran from under $150,000 up to $500,000, with the most activity between $250,000 and $300,000.
- Newer homes: About two out of three recent sales were homes 20 to 30 years old, and the median home here is only about 31 years old, the newest in this group of towns.
- Size options: Recent sales were spread across every size range, from under 1,200 square feet to more than 2,400 square feet.
- Price per square foot: Most homes sold for $150 to $225 per square foot.
About 77% of Round Lake homes are owner-occupied.
Living in Round Lake
- Commute: The average trip to work is about 31 minutes. Most people drive, Metra service gives you a train option, and about 1,750 residents work from home.
- Four real seasons: Expect about 42 inches of snow a year, January lows around 8°F, and July highs around 85°F.
- Nature nearby: Nippersink Forest Preserve runs through town, and Ray Lake Forest Preserve is just to the south.
- Neighboring towns: Gurnee, Grayslake, Hainesville, Round Lake, Round Lake Beach, Round Lake Heights, Lake Villa and Long Lake are all close by if you want to widen your search.
Everyday errands
Distances are straight-line from downtown Round Lake; drive times vary by where you live in town.
Opening a business in Round Lake?
- Daytime population: About 12,200 people are in Round Lake during a typical workday, compared with about 18,700 residents. Many people commute out, which makes evenings and weekends the busiest times for local businesses.
- Busiest roads: Route 60 carries about 17,700 vehicles a day near Cedar Lake Road, and Route 120 sees about 17,100 a day.
- Local workforce: Manufacturing is the largest employer of residents, followed by retail, health care, and education.
TRADE AREA REPORT
Give me some basic details about an area and I will send you a trade area report.
The report will include the demographics, consumer segmentation, traffic counts, and other nearby trade area profiles.
Thinking about Round Lake?
I’d love to help you find the right home here. Browse current Round Lake listings, or reach out and let’s talk about what you’re looking for. I’m on your side from the first showing to the closing table.
Source: Realtors Property Resource® (RPR®) Neighborhood and Trade Area Reports, October 20, 2026. Market data from MRED MLS and public records; community data from the U.S. Census, Esri, and NOAA; traffic counts are a mix of actual counts and estimates. Information deemed reliable but not guaranteed. Equal Housing Opportunity.