06/19/2026
📊 Lake County Market Update – May 2026 vs. April 2026
The Lake County housing market remained favorable for buyers in May, with fewer new listings and significantly fewer homes going under contract. While closed sales increased slightly, home prices and price-per-square-foot values softened, giving buyers additional leverage. Inventory levels remain elevated, and homes are taking longer to sell, reflecting a slower-paced market.
🏡 New Listings: 128 (-17.9%)
📈 Closed Sales: 70 (+2.9%)
📄 Homes Under Contract: 32 (-40.7%)
💲 Sold Price vs. List Price: 95.1% (-1.5%)
🏷️ Median Sales Price: $330K (-2.3%)
💵 Price per Sq. Ft.: $217 (-6.1%)
📦 Months of Inventory: 9.1 (-5.2%)
⏱️ Days on Market: 52 (+62.5%)
📣 For sellers:
Although inventory has decreased slightly, buyers still have plenty of choices and are taking more time to make decisions. Homes are spending significantly longer on the market, making accurate pricing, strong presentation, and effective marketing more important than ever.
🔍 For buyers:
With over 9 months of inventory and fewer homes moving into contract, buyers continue to enjoy negotiating power. This market offers opportunities to secure favorable terms, request concessions, and carefully evaluate available options.
📬 May reflects a market with slower buyer activity, longer selling timelines, and modest price adjustments. Whether you're planning to buy or sell, staying informed about local trends can help you navigate the market with confidence.