Is Lake Zurich, IL 60047 a buyer’s or seller’s market?

The Lake Zurich housing market right now

In the three months ending August 31, 2026, 50% of homes in Lake Zurich, IL 60047 sold above their list price, the typical home went under contract in 50 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 184 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 45%, homes sold more slowly (48 days then) and the median sale price rose 13% to $804,652. Overall, Lake Zurich is more competitive than a year ago, so tougher for buyers.

Within Lake County, homes here sell more slowly than in 72% of the county’s ZIP codes, and sell more often over asking than in 80%. On our competition score, Lake Zurich ranks #143 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.