The Lake View housing market is very competitive. The median sale price of a home in Lake View was $525K last month, up 10.6% since last year. The median sale price per square foot in Lake View is $366, up 9.9% since last year.
What is the housing market like in Lake View today?
In May 2025, Lake View home prices were up 10.6% compared to last year, selling for a median price of $525K. On average, homes in Lake View sell after 38 days on the market compared to 43 days last year. There were 544 homes sold in May this year, up from 501 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$525,250
+10.6% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Lake View, IL
$525,250
+10.6%
United States
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How hot is the Lake View housing market?
Lake View is very competitive. Homes sell in 38 days.
0
100
72
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% above list price and go pending in around 38 days.
Hot homes
can sell for about 7% above list price and go pending in around 24 days.
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Lake View, IL
101.6%
+1.0 pt
United States
Home offer insights for Lake View
Explore recent offers and recently sold homes in Lake View
Recent offers
Offer Not Accepted|
8 Weeks Ago
~$475K Offer
Sold for $550K
2bd | 1.5ba | —sqft
Over List Price
2%
Days on Market
35
Competing Offers
11
Down Payment
~20%
Jacob Reiner
Lake View Redfin Agent
We knew this would be competitive, but there ended up being over 10 offers!
We offered more then 30k above the asking price, with an as-is inspection, 20% down payment, 10k in earnest money, and a free 30 day rent back. We got beat out by a higher priced offer who offered an appraisal gap waiver to combine with it. …
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Lake View housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Lake View.
Flood Factor - Minor
29% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Lake View has a minor risk of flooding. 1,002 properties in Lake View are likely to be
severely affected
by flooding over the next 30 years. This represents 29% of all properties in Lake View. Flood risk is increasing slower than the national average.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Lake View has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Lake View is most at risk from hurricanes. 10,452 properties in Lake View have some risk of being in a severe wind event within the next 30 years.