Lots & Land For Sale in Island Lake, IL
4 Homes
$25K
- $1,500,000
- 7.51 Acre
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1 - 4 of 4 Properties for sale in Island Lake, IL
Don’t see what you’re looking for?
A local real estate agent is the best way to get access to exclusive and off-market properties so you can find home.
Island Lake, IL real estate market trends
Statistics as of May 2026
$349K
Avg. list price
$190/Sqft
Avg. price/sqft
26
Homes for sale
1,803 Sqft
Avg. home size
6 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!
Schools
Frequently Asked Questions about Island Lake, IL
In May 2026 Island Lake homes were listed to buy for a median price of $344K, The median value of a home listed to buy in Island Lake in May 2026 was $198 per sqft,
It is affordable to live in Island Lake. Buying a home in Island Lake is 1% less expensive compared with the national average.
The housing market in Island Lake is slowing down. In May 2026, homes to buy in Island Lake spent an median 10 days on the market, a 54% decrease from May 2025 last year.
The best and safest neighborhoods to live in Island Lake in May 2026 are Wynstone, Royal Melbourne, Hawthorn Woods Country Club, Boulder Ridge Country Club Estates, Prairie Crossing, Rivershire, Manchester Lakes, Wedgewood, Grand Dominion, Valley Lakes, Pheasant Creek, Carillon North, Island Lake Estates, Liberty Lakes, Ancient Tree, Madrona Village, Waters Edge, Cambridge West, Bright Oaks, Willow Lakes Estates
In May 2026, Island Lake homes were listed to buy for a median price of $344K, with 25% down you would need $2.29K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $78.7K.
The Movoto Advantage
Movoto gives you access to the most up-to-the-minute land information in Island Lake. As a licensed brokerage in Illinois (and across the United States), Movoto has access to the latest real estate data including Island Lake Homes for Sale, Island Lake Single family for Sale, Island Lake Townhomes/Condos for Sale, Island Lake Multi family/Duplex for Sale, Island Lake Land for Sale, Island Lake New Listings for Sale, Island Lake New Construction for Sale, Island Lake Rentals, Island Lake Apartments for Rent, Island Lake Single Family for Rent, Island Lake Recently Sold Homes, Island Lake Waterfront for Sale, Island Lake Foreclosures for Sale.
Real Estate & Homes For Sale Nearby Island Lake, IL
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Neighborhoods
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Counties