Current Price

$305,199

1 Month Forecast

â–² $328,051

1-Year Forecast *

â–² $339,435

5-Year Forecast *

â–² $400,319

"Is it a good time to buy homes in Gages Lake?" "Does investing in real estate in Gages Lake (Illinois State, Lake County) worth it?" According to our live Forecast System, buying a house in Gages Lake is a good short-term (1-year) investment*. The Gages Lake average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Gages Lake" projections.
At Walletinvestor.com we predict future home values/prices with real estate market analysis for a wide selection of properties, for example houses in Gages Lake in Illinois State, Lake County. If you are looking for homes for sale with good flipping profit, Gages Lake can be a profitable property investment option. The median price of an average house in Gages Lake was 305,199 USD on 2026-03-03. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Gages Lake" area is 400,319 USD by 2031-03-03. For a 5-year investment the profit is expected to be around +31.17% meaning that investing 100000 USD today may yield a profit of 31,167 USD by 2031.

Current Median Listing Price: 305,199 USD Median Listing Price Per Square Foot: 170 USD

Gages Lake Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year

The short-term real estate market forecast is based on the median home listing prices from the last 5 years.

Gages Lake (Illinois State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2026-2032

The long-term housing forecast is based on all the available median listing price recorded up to today.

Gages Lake Price Target

Gages Lake median home price target in 12 months: $339,435* (upside of 11.2%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2025 $325,582 $325,875 $325,262 $326,860
2024 $283,857 $305,199 $283,857 $305,199
2023 $264,721 $282,983 $264,721 $282,983
2022 $243,011 $264,701 $243,011 $266,786
2021 $222,354 $240,031 $222,354 $241,911
2020 $205,742 $219,682 $205,742 $219,682
2019 $199,109 $204,744 $199,109 $204,951
2018 $198,795 $198,355 $198,355 $202,444
2017 $192,618 $197,701 $192,618 $198,327
2016 $185,387 $191,591 $185,387 $191,591
2015 $178,975 $183,350 $178,009 $183,350
2014 $169,357 $178,202 $169,357 $178,202
2013 $146,224 $167,318 $146,224 $167,318
2012 $139,048 $145,694 $139,048 $146,571

Questions & Answers about the Gages Lake Housing Market Forecast

How much does an average home cost in Gages Lake today?

The value of an average home (the listing price) in Gages Lake is $305,199 USD.

What is the average price per square foot in Gages Lake?

According to Walletinvestor the median price per square foot in Gages Lake is 170 USD.

Will the median listing price of homes in Gages Lake grow / rise / go up?

Yes. The Gages Lake home prices may rise from 305,199 USD to 339,435 USD in one year.

Is it profitable to invest in Gages Lake homes?

Yes. The long-term profit potential is +11.22% in one year.

Will Gages Lake house prices fall / drop?

No. See above.

What is the predicted price of a Gages Lake home in 2030?

The predicted home sales price of a Gages Lake home in 2030 in Gages Lake is 393,975 USD.

What is the predicted price of a Gages Lake home in 2035?

The predicted home sales price of a Gages Lake home in 2035 in Gages Lake is 486,258 USD.

Will real estate prices decrease in Gages Lake?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Gages Lake is the 7121. largest city in the United States, located in Illinois State.

During the last 12 months the real estate prices in Lake, Gages Lake decreased, looking at the past 12 months.

According to Walletinvestor's Gages Lake real estate market research, home values will increase in the next 12 months.

Median home values decreased by 6.623% to 305,199 USD, between 2025-03-03 and 2026-03-03

The average annual profit of property investment was:

  • 10.898% in 2021
  • 12.018% in 2022
  • 10.878% in 2023
  • 9.758% in 2024
  • 12.778% in 2025
  • 9.738% in 2026

Based on our Gages Lake real estate market research and report the predicted sales prices will increase by 189.559% in the next 10 years.

Over the last 12 months, the value of homes in Gages Lake fluctuated: increasing 1 times and decreasing 3 times.

Gages Lake (Illinois) Housing Market Price Prediction, Forecast for next months and years

Below you will find the price predictions for 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033.

Date Average price Minimum price Maximum price
Gages Lake Housing Market Forecast with Real Estate Prices for 2025
August 2025 328051 306728 349374
September 2025 330241 297217 363265
October 2025 332446 304853 360039
November 2025 334666 312578 356754
December 2025 335305 302110 368500
Gages Lake Housing Market Forecast with Real Estate Prices for 2026
January 2026 333991 301928 366054
February 2026 332761 306806 358716
March 2026 332107 308196 356019
April 2026 332725 315424 350027
May 2026 334947 306142 363752
June 2026 337183 312569 361798
July 2026 339435 311262 367608
August 2026 341701 311290 372113
September 2026 343983 324032 363934
October 2026 346280 326195 366364
November 2026 348077 325103 371050
December 2026 348319 323937 372701
Gages Lake Housing Market Forecast with Real Estate Prices for 2027
January 2027 346954 322321 371588
February 2027 345595 327278 363912
March 2027 345280 323182 367377
April 2027 345872 319931 371812
May 2027 345898 313384 378412
June 2027 346479 314950 378009
July 2027 347801 316151 379450
August 2027 350123 320362 379883
September 2027 352461 326379 378543
October 2027 354814 324655 384973
November 2027 357183 333966 380400
December 2027 359568 339792 379344
Gages Lake Housing Market Forecast with Real Estate Prices for 2028
January 2028 361243 334150 388337
February 2028 362267 343791 380743
March 2028 362732 331537 393927
April 2028 363429 344531 382327
May 2028 364551 333929 395174
June 2028 366514 344156 388871
July 2028 368961 340182 397740
August 2028 371425 349139 393710
September 2028 373905 337636 410173
October 2028 376401 341396 411406
November 2028 378877 351598 406156
December 2028 381308 343939 418676
Gages Lake Housing Market Forecast with Real Estate Prices for 2029
January 2029 383266 351455 415077
February 2029 385242 355964 414521
March 2029 387334 354024 420645
April 2029 389850 353984 425716
May 2029 392453 372438 412468
June 2029 393994 363656 424332
July 2029 393975 371124 416825
August 2029 393196 361347 425045
September 2029 392250 357340 427161
October 2029 392068 363447 420689
November 2029 392806 358632 426981
December 2029 395429 372099 418760
Gages Lake Housing Market Forecast with Real Estate Prices for 2030
January 2030 398070 376574 419565
February 2030 400727 377886 423569
March 2030 403403 368710 438096
April 2030 404173 363756 444590
May 2030 402590 364344 440836
June 2030 401107 369419 432794
July 2030 400319 375899 424738
August 2030 401064 375396 426732
September 2030 403742 364175 443309
October 2030 406438 380832 432043
November 2030 409151 368236 450067
December 2030 411883 375226 448541
Gages Lake Housing Market Forecast with Real Estate Prices for 2031
January 2031 414634 385195 444072
February 2031 417402 377331 457473
March 2031 419568 394813 444323
April 2031 419860 389210 450510
May 2031 418215 391031 445399
June 2031 416577 394498 438655
July 2031 416197 389144 443249
August 2031 416910 379805 454015
September 2031 416942 381502 452382
October 2031 417643 392166 443119
November 2031 419235 377312 461159
December 2031 422035 390382 453687
Gages Lake Housing Market Forecast with Real Estate Prices for 2032
January 2032 424853 392564 457141
February 2032 427689 391763 463615
March 2032 430545 392227 468864
April 2032 433420 401780 465059
May 2032 435439 397121 473758
June 2032 436673 400429 472917
July 2032 437233 414497 459969

> Page 2: detailed data / price table <

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* Our real estate forecasts and predictions are made by Machine Learning & AI, and shouldn't been used for financial decisions. We can't guarantee any profit.