Market Conditions for Grayslake, Illinois Reported by Helen Y. Carlsen, REALTOR, ABR, e-Pro, ASP Updated October 29, 2009.

Current Market Rating: 1 1 2 3 4 5 Buyer's Seller's

Current Price Trend: 2 1 2 3 4 5 Falling Rising

Median prices in Grayslake have decreased approx 6.2% compared to the same time last year. There have been 103 home sales year to date which is a 29.5% decrease over the previous year.

There are currently over 400 resale and new homes with an average listing price of $269,000, available in Grayslake, which include over 140 homes that are distressed properties.

ZIP Code: 60030

Location Characteristics: Grayslake was incorporated in 1895. Located in the center of the village is Gray's Lake, which is the village's primary recreational asset. The lake, in the heart of Grayslake, is ringed by many attractive homes, some dating back to the founding of the Village in the mid-1800's. The village has a quaint downtown feel with many charming shops, restaurants and serviced by 4 Metra stations within a few miles, for an easy commute to Chicago & the surrounding areas. A growing number of small manufacturing firms are utilizing the abundance of industrial sites, supporting the Village tax base. Grayslake is also the home of the main campus of the College of Lake County, and University Center which is a unique partnership of 18 private and public Illinois colleges and universities, offering select bachelor's and graduate degrees, as well as professional development opportunities.



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