Is Waukegan, IL 60085 a buyer’s or seller’s market?

The Waukegan housing market right now

In the three months ending August 31, 2026, 51% of homes in Waukegan, IL 60085 sold above their list price, the typical home went under contract in 52 days and there were 3.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 84 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 46%, homes sold more slowly (47 days then) and the median sale price rose 5% to $257,888. Overall, Waukegan is more competitive than a year ago, so tougher for buyers.

Within Lake County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell more often over asking than in 84%. On our competition score, Waukegan ranks #203 of 464 IL ZIP codes with enough sales (score 69 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.