Ka, I'm not sure where Elizabeth from Grayslake got her figures but they are not correct. The Multiple Listing Service stats show 45 detached single family homes sold withing the Village limits of Fox Lake (which extends into several zip codes) in the past 12 months.19 are currently under contract, including a half a dozen over $200,000. There are 83 currently on the market, less than a 2 year supply.
Without looking at your home, I wouldn't attempt to tell you how you compare with those in your area who are trying to sell for $150,000 without success. I don't know what efforts you've made to sell or who you've spoken with but I'd be glad to meet with you and give you a detailed look at the local market and how it relates to your situation. I can't promise what the results will be but I'd be glad to help you examine your situation and evaluate the options.