08/24/2026
📊 Lake County Market Update – July 2026 vs. June 2026
The Lake County housing market continued to show a mixed but buyer-friendly trend in July. New listings declined, while closed sales increased significantly. At the same time, homes going under contract dropped sharply, and both median sales prices and price-per-square-foot values softened. With 9.5 months of inventory, buyers continue to have more choices and negotiating power, while homes are spending slightly longer on the market.
🏡 New Listings: 119 (-13.8%)
📈 Closed Sales: 83 (+27.7%)
📄 Homes Under Contract: 36 (-50%)
💲 Sold Price vs. List Price: 92.1% (+0.7%)
🏷️ Median Sales Price: $290K (-12.1%)
💵 Price per Sq. Ft.: $202 (-8.2%)
📦 Months of Inventory: 9.5 (-5%)
⏱️ Days on Market: 49 (+4.3%)
📣 For sellers:
With fewer new listings but elevated inventory and slightly longer selling times, buyers have plenty of options. Accurate pricing, strong presentation, and strategic marketing remain essential to attracting serious buyers and getting a home sold in today’s market.
🔍 For buyers:
With 9.5 months of inventory and a significant decline in homes going under contract, buyers continue to benefit from increased negotiating power. Softer home prices and price-per-square-foot values may create opportunities to secure favorable terms while carefully evaluating available properties.
📬 July reflects a market with increased closed sales, reduced new listings, slower contract activity, and continued price adjustments. Whether you're thinking about buying or selling, understanding the latest local trends can help you make confident real estate decisions.