Is Vernon Hills, IL 60061 a buyer’s or seller’s market?

The Vernon Hills housing market right now

In the three months ending August 31, 2026, 42% of homes in Vernon Hills, IL 60061 sold above their list price, the typical home went under contract in 42 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 104 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 44%, homes sold faster (49 days then) and the median sale price rose 12% to $519,775. Overall, Vernon Hills is about as competitive as it was a year ago.

Within Lake County, homes here sell faster than in 96% of the county’s ZIP codes, and sell less often over asking than in 72%. On our competition score, Vernon Hills ranks #158 of 464 IL ZIP codes with enough sales (score 74 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.