Island Lake, IL Real Estate & Homes For Sale

19 homes

Real Estate & Homes For Sale Near Island Lake, IL

We found 30 more homes matching your filters just outside Island Lake

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Island Lake, IL Real Estate Trends

Learn about the Island Lake, IL housing market through trends and averages.

Affordability of Living in Island Lake, IL

The median home value is $309,427
MonthMedian home value
August 2025$293k
September 2025$295k
October 2025$297k
November 2025$299k
December 2025$302k
January 2026$304k
February 2026$306k
March 2026$307k
April 2026$307k
May 2026$307k
June 2026$308k
July 2026$309k
View as a graph
Trends and affordability stats are provided by third party data sources.

Average Home Value in Island Lake, IL, by Home Size

Currently, there are 4 new listings in Island Lake, IL and 19 homes for sale.
Home SizeHome Value*
2 bedrooms (2 homes)$249,656
3 bedrooms (7 homes)$314,130
4 bedrooms (1 home)$431,230
*Home value over the past month

What Locals Say about Island Lake

  • Tpersico2008
    "Island Lake is an extremely friendly town. Very safe place to live with nice parks, disc golf course and some shopping. "
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  • Jessica Ruhl
    "Just depends where you work. Most major stores are about 20 minutes from here. Traffic is typically light. "
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  • Lisa Keene
    "People tend to walk dogs off leash, and not pick up after them so much so people put up signs in their lawns"
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  • Dawn T.
    "It’s a clean family friendly community. I love living here. The neighborhoods are friendly and neighbors are always willing to lend a helping hand. The village office ladies are wonderful!!! The officers stop to talk to kids, the parks are fun and engaging for all levels (even some of us grownups get up there with the kids!). "
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  • Rebecca C.
    "concerts in the park, village hall events, corn fest, farmers markets, cook outside, parades, bonfires, etc"
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  • Julioslatincafe
    "Many neighbors have dogs and we all know them by name. They are welcome in each other’s yard. Often times the dogs interact and play together. "
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  • Corey
    "Not a lot of sidewalks, have to walk on main streets, public swimming areas do not allow dogs, no dog designated parks"
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  • Dawn
    "Quiet neighborhood, friendly people everywhere. Me and my grandson meet new people at the park and have been able to have reciprocal play dates. Low crime rate!!! Excellent first responders!! They are quick!! It’s wonderful to know that when my grandson goes out to play with his new friends that he is safe in the back yard. This is a great place for that perfect small town feeling that I had growing up. "
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  • Jen B.
    "I love it here. I wish I could afford to buy a home here. Can’t afford Illinois. Great town and good people."
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  • T. G.
    "great neighborhood, friendly people, great schools, lots of parks. Lots of nature as well. great place to live."
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  • Lisa K.
    "We hv no access to transportation and the commute to downtown is anywhere from 55 min to 3 hours. not sure what else u want. "
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  • Paul S.
    "Beware of the people around where you are and if you are near troubled neighborhood. Like behind Culvers "
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  • Smf779
    "Being by the water is what makes this area unique. yes there are many nearby towns with water but there are boat toars, ice fishing, many small beaches to go to and they even shave the ice in winter for ice skating! it's an awesome neighborhood and the people are great. "
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  • Jennifer M.
    "Great friendly neighborhood. People are happy to help each other out. "
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  • Elizabeth W.
    "Island Lake is a quiet bedroom community with great local pride. There's the Cornfest, Venetian Night, Lakefest, Carnivals, Fall Fesitval, Spring Craft Show, Concerts in the Park and many more activities. There are excellent restaurants in Island Lake and a great local grocery store. "
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Based on information submitted to the MLS GRID as of 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Click here for more information