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Lots & Land For Sale in Island Lake, IL

2 Homes
 
lot23 Park Dr, Island Lake, IL 60042
  • $29,900
Nec Route 176 & Westridge Drive, Island Lake, IL 60042
  • $1,500,000
  • 7.51 Acre
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1 - 2 of 2 Properties for sale in Island Lake, IL
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Island Lake, IL real estate market trends

Statistics as of October 2026
$311K
Avg. list price
$236/Sqft
Avg. price/sqft
24
Homes for sale
1,400 Sqft
Avg. home size
20 Days
Avg. days on market
Movoto makes it easy to track market trends in Island Lake, IL. Whether you’re entering the market or planning your next move, understanding these key metrics can guide smart decisions. Looking for more detailed housing market stats in Island Lake, IL?

Island Lake Houses for Sale

Welcome to the charming community of Island Lake, nestled in picturesque Lake County, Illinois. This delightful area offers the perfect blend of small-town charm and suburban convenience, making it an attractive destination for homebuyers seeking a serene yet vibrant lifestyle. It's no wonder that Island Lake is generating buzz, with 42 houses currently available on Movoto, highlighting a diverse real estate market. Whether you're a growing family, a young professional, or someone looking to enjoy retirement, Island Lake has something for everyone.
One of the most appealing features of Island Lake is its captivating natural beauty. The village is named after the stunning lake at its heart, offering endless opportunities for water activities like fishing, kayaking, and paddleboarding. Living here means you're never too far from a day spent by the water or a leisurely picnic by the lake's serene shores. This enchanting environment provides a tranquil backdrop for the community's welcoming neighborhoods.
For families considering a move, Island Lake boasts excellent educational opportunities with highly-rated schools that focus on fostering both academic and personal development. The area's commitment to education is reflected in its tight-knit community and thriving parks and recreational programs, making it an ideal place for children to grow and thrive.
Island Lake is also conveniently located near major employers and business hubs in the region, ensuring an easy commute to neighboring cities like Chicago. The area's strategic position makes it a wonderful spot for balancing work and play. You'll find an array of local businesses and shops in the vicinity, catering to all your daily needs and adding to the community's vibrant local economy.
The real estate market in Island Lake is particularly inviting, with a median listing price of $294,900 and a median price per square foot of $185. This provides prospective buyers with numerous affordable options to choose from. Homes in this area boast spacious layouts and modern amenities, all while being surrounded by the scenic beauty and tranquility of the natural landscape.
Despite the tranquil setting, Island Lake enjoys a lively community atmosphere with various events and activities throughout the year, fostering a strong sense of belonging among residents. Whether it's a summer festival by the lake or a cozy winter market in the town square, there's always something happening here that brings the community together.
On average, homes in Island Lake enjoy a market time of 101 days, demonstrating a steady interest in this appealing locale. In the past month alone, four properties have been successfully sold, underscoring the growing appeal of this charming lake town.
Island Lake offers a perfect blend of relaxation, community, and accessibility, making it a gem in Illinois' real estate market. Explore the available homes today and discover why so many are choosing to call Island Lake their haven. Welcome home!
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Frequently Asked Questions about Island Lake, IL

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