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Third Lake, IL real estate

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Agent Pronto analyzes transaction data, agent specialties, and client reviews to handpick the best agents in your area. Updated for June 2026. *


* Sales data is calculated based on transaction information available to Agent Pronto at the time of publishing and may not accurately reflect all transactions for a given agent.

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Third Lake real estate Market Report.

Information and statistics on the latest trends in the Third Lake real estate market. *

Latest Rolling 3-Month Snapshot

Mar 1, 2026 - May 31, 2026

Median sale price
$428K
+8.1% from Q1 '26
Median list price
$421K
+5.6% from Q1 '26
Active listings
5
-17% from Q1 '26
Homes sold
2
-50% from Q1 '26
New pendings
4
-20% from Q1 '26
New listings
4
-20% from Q1 '26

Quarterly Pricing Trends for Third Lake

Rolling three-month data ending on quarter boundaries when available.

Quarterly Pricing Trends for Third Lake Q2 '21 Q2 '22 Q2 '23 Q2 '24 Q2 '25 Q1 '26 Median sale price in Apr 2021 - Jun 2021: $320K Median sale price in Jul 2021 - Sep 2021: $258K Median sale price in Oct 2021 - Dec 2021: $338K Median sale price in Jan 2022 - Mar 2022: $300K Median sale price in Apr 2022 - Jun 2022: $315K Median sale price in Jul 2022 - Sep 2022: $310K Median sale price in Oct 2022 - Dec 2022: $314K Median sale price in Jan 2023 - Mar 2023: $785K Median sale price in Apr 2023 - Jun 2023: $346K Median sale price in Jul 2023 - Sep 2023: $508K Median sale price in Oct 2023 - Dec 2023: $390K Median sale price in Jan 2024 - Mar 2024: $369K Median sale price in Apr 2024 - Jun 2024: $403K Median sale price in Jul 2024 - Sep 2024: $285K Median sale price in Oct 2024 - Dec 2024: $410K Median sale price in Jan 2025 - Mar 2025: $423K Median sale price in Apr 2025 - Jun 2025: $384K Median sale price in Jul 2025 - Sep 2025: $417K Median sale price in Oct 2025 - Dec 2025: $385K Median sale price in Jan 2026 - Mar 2026: $396K Median list price in Apr 2021 - Jun 2021: $263K Median list price in Jul 2021 - Sep 2021: $255K Median list price in Oct 2021 - Dec 2021: $305K Median list price in Jan 2022 - Mar 2022: $388K Median list price in Apr 2022 - Jun 2022: $300K Median list price in Jul 2022 - Sep 2022: $315K Median list price in Jan 2023 - Mar 2023: $370K Median list price in Apr 2023 - Jun 2023: $363K Median list price in Jul 2023 - Sep 2023: $418K Median list price in Oct 2023 - Dec 2023: $350K Median list price in Jan 2024 - Mar 2024: $362K Median list price in Apr 2024 - Jun 2024: $350K Median list price in Jul 2024 - Sep 2024: $420K Median list price in Oct 2024 - Dec 2024: $370K Median list price in Jan 2025 - Mar 2025: $405K Median list price in Apr 2025 - Jun 2025: $409K Median list price in Jul 2025 - Sep 2025: $410K Median list price in Jan 2026 - Mar 2026: $399K Apr 2021 - Jun 2021 Median sale price $320K Median list price $263K Jul 2021 - Sep 2021 Median sale price $258K Median list price $255K Oct 2021 - Dec 2021 Median sale price $338K Median list price $305K Jan 2022 - Mar 2022 Median sale price $300K Median list price $388K Apr 2022 - Jun 2022 Median sale price $315K Median list price $300K Jul 2022 - Sep 2022 Median sale price $310K Median list price $315K Oct 2022 - Dec 2022 Median sale price $314K Median list price Unknown Jan 2023 - Mar 2023 Median sale price $785K Median list price $370K Apr 2023 - Jun 2023 Median sale price $346K Median list price $363K Jul 2023 - Sep 2023 Median sale price $508K Median list price $418K Oct 2023 - Dec 2023 Median sale price $390K Median list price $350K Jan 2024 - Mar 2024 Median sale price $369K Median list price $362K Apr 2024 - Jun 2024 Median sale price $403K Median list price $350K Jul 2024 - Sep 2024 Median sale price $285K Median list price $420K Oct 2024 - Dec 2024 Median sale price $410K Median list price $370K Jan 2025 - Mar 2025 Median sale price $423K Median list price $405K Apr 2025 - Jun 2025 Median sale price $384K Median list price $409K Jul 2025 - Sep 2025 Median sale price $417K Median list price $410K Oct 2025 - Dec 2025 Median sale price $385K Median list price Unknown Jan 2026 - Mar 2026 Median sale price $396K Median list price $399K
Median sale price
Median list price
* Data provided by Redfin, a national real estate brokerage.
13
Seller’s Market
Seller’s Market
Buyer’s Market
0
25
50
75
100

Market gauge is calculated using active listings and pending sales from the most recently available reporting period (Mar 2026 - May 2026).

Year-over-year, Third Lake’s rolling three-month data shows mixed price movement, with the typical home value down about 4 percent even as the median list price has climbed roughly 10 percent. This combination points to sellers asking more while closed sales are not rising at the same pace, suggesting buyers are watching value closely.

Inventory and pace have shifted more dramatically over the past year. Months of supply has fallen about 45 percent to 1.6 months, while median days on market dropped from much higher levels to just 15 days in the latest rolling period, indicating homes are moving far faster than a year ago.

Demand indicators reflect both strength and limited volume in this small market. Homes sold are down about a third year-over-year, yet pending sales are up roughly 35 percent and new listings have more than doubled, and nearly all recent closings have occurred above list price with an average sale-to-list ratio near 105 percent. In this kind of fast, low-supply environment, both buyers and sellers can benefit from Agent Pronto’s help in finding an experienced local agent to guide their decisions.



Learn more about what Third Lake has to offer.

Third Lake offers residents a welcoming waterfront lifestyle, abundant outdoor recreation, and a close-knit community with easy access to nature and local amenities.

Third Lake is a small residential community centered around two lakes, forest preserves, and convenient access to regional job centers. Located near major routes and Metra service in neighboring Grayslake, it offers a practical balance of quiet streets and straightforward commuting.

Daily life in Third Lake often revolves around the water and nearby open space. Residents enjoy boating and paddle sports on Third Lake and Druce Lake, along with trail access and seasonal events at Rollins Savanna Forest Preserve. Families appreciate proximity to Woodland School District 50 and Grayslake Community High School District 127, which serve much of the area.

Shopping, dining, and services cluster along routes into Gurnee and Libertyville, while nearby College of Lake County in Vernon Hills and Grayslake expands educational and cultural options. Local parks managed by the Village of Third Lake provide playgrounds, open fields, and community gathering spots within minutes of most homes.

Choosing the right home in Third Lake often means weighing lake rights, association rules, and subtle neighborhood differences. A local real estate agent who understands shoreline regulations, school boundaries, and traffic patterns can simplify every step. Agent Pronto connects both buyers and sellers with experienced Third Lake specialists who help reduce stress and keep the process focused on your goals.

Find your Third Lake real estate agent today →


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See why so many people rely on Agent Pronto to make their real estate journey a success.

“Would use Lizette again, very easy to work with & very professional. Would recommend here 100% to Friends.”

Bill Zabresky · Wheeling, IL

Photo of Lizette Andrews Delgado
REALTY OF AMERICA
“Renee O'Brien was very understanding, helpful, and kind .... knowledgable in the house situation and problem solving to move the sale along swiftly...”

K Ritchie · Janesville, WI

Photo of Renee OBrien Group
Keller Williams North Shore West
“Michelle is an outstanding broker. She is personable, knowledgeable, responsive, and provided us with excellent marketing and negotiation. We highly receommend her without reservation.”

Colleen and Larry · Antioch, IL

Photo of Michelle Goldstein
Lakes Realty Group Brokerage Inc.
“Thank you Tina it was a pleasure working with you”

Jason Eaves · Lake in the Hills, IL

Photo of Tina Grzeca
Century 21 New Heritage
“I had an amazing experience working with Erick when purchasing my new home. From the very beginning, he took the time to understand exactly what I was looking for and offered valuable insights into the housing market. Erick was incredibly knowledgeable, patient, and responsive, answering all my questions and guiding me through every step of the process. The process of finding the perfect home can be overwhelming, but Erick made it seamless. He was always available to schedule viewings at my convenience, and when we found the right place, he worked tirelessly to ensure my offer was competitive and that all the paperwork was handled efficiently. Thanks to Erick, I now own a home that I absolutely love. I highly recommend him to anyone looking for a dedicated and professional real estate agent.”

Liz Sanchez · Addison, IL

Photo of Erick Coley
Berkshire Hathaway American Heritage
“We had to sell a relative's house after her death and we live over an hour away from the property. We used Agent Pronto to interview three different agents because we were unfamiliar with the area. We settled on Scott Paul. He is by far the best realtor we have ever worked with. (We have worked with six other realtors over the years.). He is professional, conscientious, thorough, and hard-working. We highly recommend him.”

Kathy A. · Grayslake, IL

Photo of Scott Paul
RE/MAX Suburban
“Agent Pronto helped up find a good agent in Larry. He was a pleasure to work with and helped us through a challenging sale.”

Dennis S. · Arlington Heights, IL

Photo of Larry Schneider
The Jason Mitchell Group Jason Mitchell Real Estate IL
“Anthony understood us, our personalities and interests. We were able to relate to him in a number of ways and that made us comfortable working with him. He was a compassionate person, and it meant a lot to him to find places that served us, which also meant a lot to us. We gave him some of our requirements for a home, and he would continue to refine his search accordingly. He did not discriminate homes based on their pricing. When we wanted to check out a much more inexpensive house, he worked hard to get us a showing. It seemed like he cared more about finding us a place we would be happy than the amount of his commission. He was willing to do a lot of traveling, and even worked late hours for us. I would never ask someone to work late or early, but he took it upon himself to do so several times, which we highly appreciate. Anthony found us a great inspector, and did a lot of mediation for us that we so desperately needed. He was honest when he wasn't able to help with certain things that were outside of his job description, like advising us financially. However he was able to find an attorney and a lender that we ended up really liking, who also cared about us and were available any time we needed them. Anthony feels like a friend, and we will be sure to hire him if and when we move again.”

Angel Lloyd · Round Lake Heights, IL

Photo of Anthony Osifalujo
Illinois Real Estate Partners
“Pat Smarto did every aspect of the sale of my property in an outstanding way that left me assured that I chose the right agent over others I had considered. Pat is a role model to all real estate agents. Through my observation and research I found that Pat is greatly involved in her community which also contributes to her standing in it and her profession. All of these attributes gave me a feeling of trust in Pat that you will realize also. My recommendation of Pat Smarto is without reservation!”

Bob Soucek · Downers Grove, IL

Photo of Pat Smarto
Lakes Realty Group
“Larry is by far the most AMAZING Realtor. He was always very responsive to my calls, texts, request, etc. We built up such a great relationship through this crazy process, that even after we closed on our new home, he reached out to check on us. He is always looking to get the best deal for his clients. He is like family now to us and will always have his own seat next to the firepit in our backyard. I would DEFINETLY recommend Larry to anyone and everyone looking to buy or sell. AMAZING.. Can't say enough Great things about Larry.”

Kathleen and Joe · Wheaton, IL

Photo of Larry Lazar
Charles Rutenberg Realty Charles Rutenberg
“Linda DeMarco did a great job she’s kind and helpful”

Bouchra · Schaumburg, IL

Photo of Linda DeMarco
@Properties
“Easily one of the best realtors, he was extremely friendly didn’t rush us for houses tours. He also showed my family and me plenty of houses on the market for months.”

Nate Henley · Matteson, IL

Photo of Christine & Ramon Corp
Christine & Ramon Corp
“The agent, Sarah Leonard, was the most efficient and helpful realtor we've ever had represent us. I highly recommend her team to anyone in the area. Thank you for the excellent referral.”

Pamela & Bill F. · Streamwood, IL

Photo of Sarah Leonard Team
Legacy Properties, A Sarah Leonard Company
“Dan made my house search easy and seamless. He was very responsive to calls/texts/emails. He was very knowledgeable and provided great advice. If he didn't know the answer to something he was up front an honest and got back to me in a timely manner with an answer. 10/10 would use him and Re/Max again. Thanks!”

Megan · Chicago, IL

Photo of Dan Vladic
RE/MAX Advantage Realty

Frequently Asked Questions

There are more than 2 million real estate agents across the U.S., and you want to be sure the one you partner with is an experienced and trustworthy professional with strong local expertise covering the housing market in and around Third Lake. Working with a proven agent will help you sell your home faster and for more money, and help you find your dream home at the best possible price.


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