Gages Lake, IL housing market
The typical Gages Lake home is worth about $342,000, up 6.5% in a year, 15% above the Illinois typical home. Homes typically sell in 29 days, a little above asking.
Home values, sales, trends and how Gages Lake compares with the towns next door — updated as new data is published.
Gages Lake at a glance
A seller's market
Supply is tight — about 2.8 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Gages Lake | Illinois |
|---|---|---|
| 2017 | $200,000 | $181,000 |
| 2018 | $207,000 | $190,000 |
| 2019 | $207,000 | $195,000 |
| 2020 | $214,000 | $200,000 |
| 2021 | $231,000 | $215,000 |
| 2022 | $253,000 | $236,000 |
| 2023 | $275,000 | $248,000 |
| 2024 | $295,000 | $263,000 |
| 2025 | $319,000 | $278,000 |
| 2026 | $333,000 | $290,000 |
| August 2026 | $342,000 | $298,000 |
Gages Lake and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Gages Lake | $342K | +6.5% | 29 | $103,318 |
| Gurnee | $382K | +5.4% | 40 | $119,628 |
| Third Lake | $428K | +3.7% | — | $150,139 |
| Grayslake | $374K | +5.5% | 48 | $113,972 |
3.3 years of income
The typical Gages Lake home costs about 3.3 years of the town's median household income, about the same as across Illinois (3.6).
How Gages Lake ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.