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Today: September 22, 2025

Current Price

$381,277

1 Month Forecast

$409,884

1-Year Forecast *

$433,998

5-Year Forecast *

$513,567

"Is it a good time to buy homes in Third Lake?" "Does investing in real estate in Third Lake (Illinois State, Lake County) worth it?" According to our live Forecast System, buying a house in Third Lake is a good short-term (1-year) investment*. The Third 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 "Third 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 Third Lake in Illinois State, Lake County. If you are looking for homes for sale with good flipping profit, Third Lake can be a profitable property investment option. The median price of an average house in Third Lake was 381,277 USD on 2025-09-23. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Third Lake" area is 513,567 USD by 2030-09-23. For a 5-year investment the profit is expected to be around +34.70% meaning that investing 100000 USD today may yield a profit of 34,696 USD by 2030.

Current Median Listing Price: 381,277 USD Median Listing Price Per Square Foot: 212 USD

Third 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.

Third Lake (Illinois State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2025-2031

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

Third Lake Price Target

Third Lake median home price target in 12 months: $433,998* (upside of 13.8%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2025 $402,390 $407,426 $402,390 $407,426
2024 $355,761 $381,277 $355,761 $381,277
2023 $334,481 $355,610 $334,481 $355,757
2022 $308,009 $335,271 $308,009 $339,680
2021 $278,509 $304,311 $278,509 $304,311
2020 $258,752 $274,483 $258,752 $274,483
2019 $257,228 $258,087 $257,114 $260,731
2018 $254,810 $257,272 $254,810 $258,953
2017 $251,053 $253,346 $251,053 $253,346
2016 $252,155 $250,280 $250,280 $253,544
2015 $244,080 $250,402 $244,080 $250,402
2014 $230,586 $243,144 $230,586 $243,144
2013 $211,969 $228,657 $211,969 $228,657
2012 $206,002 $211,290 $205,920 $211,420

Questions & Answers about the Third Lake Housing Market Forecast

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

The value of an average home (the listing price) in Third Lake is $381,277 USD.

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

According to Walletinvestor the median price per square foot in Third Lake is 212 USD.

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

Yes. The Third Lake home prices may rise from 381,277 USD to 433,998 USD in one year.

Is it profitable to invest in Third Lake homes?

Yes. The long-term profit potential is +13.83% in one year.

Will Third Lake house prices fall / drop?

No. See above.

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

The predicted home sales price of a Third Lake home in 2030 in Third Lake is 513,567 USD.

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

The predicted home sales price of a Third Lake home in 2035 in Third Lake is 647,359 USD.

Will real estate prices decrease in Third Lake?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Third Lake is the 21733. largest city in the United States, located in Illinois State.

During the last 12 months the real estate prices in Lake, Third Lake increased, looking at the past 12 months.

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

Median home values increased by 1.896% to 381,277 USD, between 2024-09-23 and 2025-09-23

The average annual profit of property investment was:

  • 14.587% in 2020
  • 15.107% in 2021
  • 14.827% in 2022
  • 15.677% in 2023
  • 12.157% in 2024
  • 11.827% in 2025

Based on our Third Lake real estate market research and report the predicted sales prices will increase by 265.150% in the next 10 years.

Over the last 12 months, the value of homes in Third Lake fluctuated: increasing 10 times .

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

Below you will find the price predictions for 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033.

Date Average price Minimum price Maximum price
Third Lake Housing Market Forecast with Real Estate Prices for 2025
August 2025 409884 382422 437346
September 2025 412357 391327 433387
October 2025 414845 389954 439736
November 2025 417348 391055 443641
December 2025 419866 389635 450096
Third Lake Housing Market Forecast with Real Estate Prices for 2026
January 2026 422399 400434 444364
February 2026 424947 393926 455968
March 2026 427511 406135 448886
April 2026 430090 387081 473099
May 2026 432685 406291 459079
June 2026 434126 398094 470159
July 2026 433998 402316 465680
August 2026 434192 395983 472401
September 2026 435280 395669 474890
October 2026 437859 396701 479018
November 2026 440501 400415 480587
December 2026 443159 400615 485702
Third Lake Housing Market Forecast with Real Estate Prices for 2027
January 2027 445832 413287 478378
February 2027 448522 409501 487543
March 2027 451228 426410 476046
April 2027 453950 428075 479826
May 2027 456689 413304 500075
June 2027 456899 420804 492994
July 2027 455533 426378 484687
August 2027 454170 428282 480057
September 2027 452924 423937 481911
October 2027 452739 418784 486695
November 2027 451672 422765 480579
December 2027 452002 413130 490874
Third Lake Housing Market Forecast with Real Estate Prices for 2028
January 2028 452950 409467 496434
February 2028 455683 426975 484391
March 2028 458432 424050 492815
April 2028 461198 435371 487025
May 2028 463981 424078 503883
June 2028 466780 442041 491519
July 2028 468461 427236 509686
August 2028 468948 445031 492864
September 2028 468817 438344 499290
October 2028 468754 425628 511879
November 2028 468954 445506 492401
December 2028 470697 432100 509295
Third Lake Housing Market Forecast with Real Estate Prices for 2029
January 2029 473537 448913 498161
February 2029 476394 444476 508313
March 2029 479268 444282 514255
April 2029 482160 449373 514947
May 2029 484553 440459 528648
June 2029 487172 448198 526146
July 2029 489374 462948 515800
August 2029 492191 448386 535996
September 2029 495161 455053 535269
October 2029 498148 461285 535011
November 2029 501154 452040 550267
December 2029 503122 459854 546391
Third Lake Housing Market Forecast with Real Estate Prices for 2030
January 2030 504122 457743 550501
February 2030 505177 455164 555189
March 2030 506002 470581 541422
April 2030 506734 468222 545245
May 2030 507426 466832 548020
June 2030 510487 478837 542137
July 2030 513567 475050 552085
August 2030 516665 481532 551799
September 2030 519783 493793 545772
October 2030 522918 491020 554817
November 2030 526073 485040 567107
December 2030 529247 492729 565765
Third Lake Housing Market Forecast with Real Estate Prices for 2031
January 2031 532440 486118 578762
February 2031 535652 499764 571541
March 2031 538884 486073 591695
April 2031 540679 499588 581771
May 2031 540520 512413 568627
June 2031 540761 496419 585103
July 2031 542116 493867 590364
August 2031 545329 512609 578048
September 2031 548619 515153 582084
October 2031 551929 523780 580077
November 2031 555258 511393 599124
December 2031 558608 512802 604414
Third Lake Housing Market Forecast with Real Estate Prices for 2032
January 2032 561978 520392 603565
February 2032 565369 525228 605510
March 2032 568780 540341 597219
April 2032 569042 525226 612858
May 2032 567340 516846 617833
June 2032 565642 512472 618813
July 2032 564091 527989 600193
August 2032 563860 530029 597692
September 2032 562531 506841 618222
October 2032 562942 523536 602348
November 2032 564124 524635 603612
December 2032 567527 535178 599876
Third Lake Housing Market Forecast with Real Estate Prices for 2033
January 2033 570951 529272 612630
February 2033 574396 534762 614029
March 2033 577861 520653 635069
April 2033 581347 543560 619135
May 2033 583441 541433 625449
June 2033 584047 538492 629603
July 2033 583884 544180 623588

> 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.