Grayslake currently leans toward a seller’s market, reflected in a low market gauge score of 17. Months of supply sits at just 1.7 in the latest rolling three-month period, even after rising nearly 33% from a year ago, which still signals limited inventory. Homes are generally priced firmly, with the average sale-to-list ratio hovering just above 100% and more than half of recent sales closing above the asking price.
Price trends over the rolling three-month view show solid year-over-year gains. Typical home values are up about 9% compared with the same period last year, while median list prices have climbed a little over 6%, suggesting sellers have been able to push asking prices higher. Demand has kept pace, with pending sales rising more than 9% year over year even as homes sold are essentially flat, pointing to continued buyer interest heading into upcoming months.
Listing activity and speed tell an additional part of the story. New listings are only slightly higher than a year ago, but active listings are up about 5%, and the median days on market has edged up to 44 days, indicating buyers have a bit more breathing room than in some past periods. At the same time, more than half of homes go under contract within two weeks, so well-priced properties can still move quickly. In this kind of mixed yet seller-tilted environment, both buyers and sellers can benefit from Agent Pronto helping them connect with an experienced local agent.
