House Prices

House Prices & Home Values Great Lakes, IL 2026


Average Data

average house price$320,507
average size per house2009 ft²
average price per ft²160 $ / ft²

04/17/2026 - The value range (VR) for house prices in Great Lakes, IL is $162/ sqft to $162/ sqft. An average home with 2009 sqft costs approximately $325,458 to $325,458. Great Lakes, IL includes 1 ZIP codes and it is located in Lake county. The lowest prices are found in ZIP 60088, while the highest are in ZIP 60088. The average price per sqare feet is $160. Our analysis is based on 11 property listings.

Avergage prices by ZIP codes Great Lakes

60088151 $ / ft²




Historical development of home values in Great Lakes

Year Estimated value (USD) Change vs. 2025
2010 $148,849 -53.6%
2011 $143,093 -55.4%
2012 $142,708 -55.5%
2013 $148,042 -53.8%
2014 $155,403 -51.5%
2015 $163,379 -49.0%
2016 $171,905 -46.4%
2017 $181,184 -43.5%
2018 $191,201 -40.3%
2019 $200,066 -37.6%
2020 $210,409 -34.4%
2021 $239,317 -25.3%
2022 $278,990 -13.0%
2023 $294,208 -8.2%
2024 $311,229 -2.9%
2025 $320,507 0.0%

Graph: estimated home values in Great Lakes over time (USD)



Example: 100% financing house in Great Lakes

Loan amount: $320,507

Interest rate: 6.00%

Fixed monthly payment: $1,921.60

Breakdown in the 1st month:
Interest portion: $1,602.54  –  Principal portion: $319.07

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $19,123.35 $3,935.86 $316,571.14
2 $18,880.60 $4,178.62 $312,392.52
3 $18,622.87 $4,436.35 $307,956.17
4 $18,349.25 $4,709.97 $303,246.20
5 $18,058.74 $5,000.47 $298,245.73
6 $17,750.33 $5,308.89 $292,936.84
7 $17,422.89 $5,636.33 $287,300.51
8 $17,075.25 $5,983.97 $281,316.54
9 $16,706.17 $6,353.05 $274,963.49
10 $16,314.33 $6,744.89 $268,218.61
11 $15,898.32 $7,160.90 $261,057.71
12 $15,456.65 $7,602.57 $253,455.14
13 $14,987.74 $8,071.48 $245,383.67
14 $14,489.91 $8,569.31 $236,814.36
15 $13,961.37 $9,097.84 $227,716.52
16 $13,400.24 $9,658.98 $218,057.54
17 $12,804.49 $10,254.72 $207,802.82
18 $12,172.01 $10,887.21 $196,915.61
19 $11,500.51 $11,558.71 $185,356.90
20 $10,787.59 $12,271.63 $173,085.27
21 $10,030.70 $13,028.51 $160,056.76
22 $9,227.13 $13,832.08 $146,224.68
23 $8,374.00 $14,685.22 $131,539.46
24 $7,468.25 $15,590.97 $115,948.49
25 $6,506.63 $16,552.58 $99,395.91
26 $5,485.71 $17,573.51 $81,822.40
27 $4,401.81 $18,657.41 $63,164.99
28 $3,251.06 $19,808.16 $43,356.84
29 $2,029.34 $21,029.88 $22,326.96
30 $732.26 $22,326.96 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Great Lakes, IL


1500 sqft3900 sqft
Ø selling price$290,400$617,760
Ø fast selling$264,000$555,985
Ø high price sale$316,800$679,536

In 2026, houses in Great Lakes, IL will be offered at an average price of $160 per square foot. A 1,500 sqft home priced at $290,400 is 21.30% more expensive per square foot than a 3,900 sqft home priced at $617,760. Home prices in Great Lakes, IL vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $427,681. Sellers who can wait longer may achieve a higher price of up to $522,721.


Explore Great Lakes, IL

Location & Overview

Located in Lake County along the shores of Lake Michigan, Great Lakes, IL is a compact community within the city of North Chicago.
This strategic location places visitors minutes from Waukegan Harbor and an easy commute to downtown Chicago.

Naval Heritage

The area is best known for Naval Station Great Lakes, the U.S. Navy?s only boot camp and a major regional employer.
Graduations draw families year-round, supporting local hotels near Naval Station Great Lakes, restaurants, and shops.

Things to Do

Visitors enjoy lakefront breezes, parks like Foss Park, and nearby beaches for fishing, picnicking, and scenic walks.
Family-friendly attractions and museums across Lake County add convenient, low-cost things to do in Great Lakes, Illinois.

Getting Around

Great Lakes is transit-friendly with the Metra UP-N line at Great Lakes station, connecting to downtown Chicago and Kenosha.
Drivers benefit from quick access to U.S. 41 and I?94, making trips to Chicago, Milwaukee, and O?Hare straightforward.

Lifestyle & Practical Tips

Neighborhoods offer a mix of military housing and suburban rentals, while local restaurants in Great Lakes, IL serve global flavors.
Plan for four-season weather?warm summers, snowy winters?and book early for graduation weekends to secure the best rates.



FAQ – Home Values in Great Lakes

What is the median home value in Great Lakes in 2026?

In 2026, the typical home value in Great Lakes is about $320,507 for an average home size of 2009 square feet. This corresponds to an average price of roughly $160 per square foot.

What is the average cost per square foot in Great Lakes?

In 2026, homes in Great Lakes sell for an average of around $160 per square foot, with a typical range between $162 and $162 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Great Lakes is about 2009 square feet, with an estimated 2026 value around $320,507.



Locations close to Great Lakes, IL

Buffalo Grove, IL195 $ / ft²
Wheeling, IL138 $ / ft²
Wilmette, IL232 $ / ft²
Waukegan, IL94 $ / ft²
Wauconda, IL169 $ / ft²
Wadsworth, IL122 $ / ft²
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