Is Gurnee, IL 60031 a buyer’s or seller’s market?
Gurnee is a seller’s market. With about 2 months of supply and 49% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 80% of U.S. ZIP codes, and #135 of 464 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Gurnee housing market right now
In the three months ending August 31, 2026, 49% of homes in Gurnee, IL 60031 sold above their list price, the typical home went under contract in 49 days and there were 2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 160 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 45%, homes sold more slowly (44 days then) and the median sale price rose 5% to $389,831. Overall, Gurnee is about as competitive as it was a year ago.
Within Lake County, homes here sell more slowly than in 60% of the county’s ZIP codes, and sell more often over asking than in 76%. On our competition score, Gurnee ranks #135 of 464 IL ZIP codes with enough sales (score 75 out of 100).
Nearby, buyers who want less competition could look at Fox Lake 60020 (26% sold over asking) or Highwood 60040 (33% sold over asking), while North Chicago 60064 (58% sold over asking) and Zion 60099 (54% sold over asking) are even more competitive.
Run the numbers for 60031
Nearby markets
Antioch 60002Seller’s market $184 /sq ftBuffalo Grove 60089Seller’s market $245 /sq ftDeerfield 60015Seller’s market $302 /sq ftFox Lake 60020Seller’s market $185 /sq ft Browse all markets →Towns like Gurnee nearby
Find towns like Gurnee in other states →Where Gurnee is
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Questions about Gurnee real estate
Is Gurnee a buyer’s or seller’s market?
A seller’s market: there were 2 months of supply in Gurnee, IL 60031 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Gurnee?
The typical home went under contract in 49 days in the latest three months.
Do homes in Gurnee sell over asking?
49% of homes sold above their original list price, and the typical sale closed at 100.9% of the list price.
What are property taxes in Gurnee?
About 2.58% of a home’s value a year in Lake County, or roughly $10,320 on a $400,000 home.
What is the median home price in Gurnee?
The median sale price was $389,831 in the three months ending August 31, 2026, about $199 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology