All Home Types
Channel Lake, IL Housing Market
What is the housing market like in Channel Lake today?
In June 2025, Channel Lake home prices were up 22.0% compared to last year, selling for a median price of $613K.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$612,500
+22.0% YoY | Jun 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jun 2025
Growth
% YoY
Channel Lake, IL
$612,500
+22.0%
United States
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Channel Lake Migration & Relocation Trends
In Feb '25 - Apr '25, 16% of Channel Lake homebuyers searched to move out of Channel Lake, while 84% looked to stay within the metropolitan area.
- Across the nation, 3% of homebuyers searched to move into Channel Lake from outside metros.
- Peoria homebuyers searched to move into Channel Lake more than any other metro followed by Rockford and New York.
Where are people moving to Channel Lake from?
- 84% of Channel Lake homebuyers searched to stay within the Channel Lake metropolitan area.
- Cape Coral was the most popular destination among Channel Lake homebuyers followed by Phoenix and Sarasota.
Where are people from Channel Lake moving to?
Number of People Moving to Channel Lake
least
most
People are moving to Channel Lake from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Feb '25 - Apr '25 | ||
| 1 | 1,034 | ||
| 2 | 992 | ||
| 3 | 916 | ||
| 4 | 738 | ||
| 5 | 732 | ||
| 6 | 452 | ||
| 7 | 447 | ||
| 8 | 431 | ||
| 9 | 290 | ||
| 10 | 249 | ||
People are leaving Channel Lake for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Feb '25 - Apr '25 | ||
| 1 | 1,949 | ||
| 2 | 1,618 | ||
| 3 | 1,171 | ||
| 4 | 1,145 | ||
| 5 | 1,076 | ||
| 6 | 1,038 | ||
| 7 | 1,016 | ||
| 8 | 1,005 | ||
| 9 | 922 | ||
| 10 | 785 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Channel Lake.
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