Current Price

$381,277

1 Month Forecast

â–² $409,853

1-Year Forecast *

â–² $429,800

5-Year Forecast *

â–² $503,083

"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 2026-03-03. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Third Lake" area is 503,083 USD by 2031-03-03. For a 5-year investment the profit is expected to be around +31.95% meaning that investing 100000 USD today may yield a profit of 31,947 USD by 2031.

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: 2026-2032

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: $429,800* (upside of 12.7%)

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 $206,185 $211,290 $206,185 $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 429,800 USD in one year.

Is it profitable to invest in Third Lake homes?

Yes. The long-term profit potential is +12.73% 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 485,165 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 599,405 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 decreased, 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 decreased by 5.805% to 381,277 USD, between 2025-03-03 and 2026-03-03

The average annual profit of property investment was:

  • 13.786% in 2021
  • 13.966% in 2022
  • 12.196% in 2023
  • 13.026% in 2024
  • 12.076% in 2025
  • 12.236% in 2026

Based on our Third Lake real estate market research and report the predicted sales prices will increase by 231.323% in the next 10 years.

Over the last 12 months, the value of homes in Third Lake fluctuated: increasing 4 times .

Third 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
Third Lake Housing Market Forecast with Real Estate Prices for 2025
August 2025 409853 383622 436084
September 2025 412294 379723 444866
October 2025 414750 389865 439635
November 2025 417221 385929 448512
December 2025 418610 386377 450843
Third Lake Housing Market Forecast with Real Estate Prices for 2026
January 2026 418487 389611 447363
February 2026 418674 396065 441282
March 2026 419722 392860 446585
April 2026 422210 386322 458098
May 2026 424725 400091 449359
June 2026 427255 401619 452890
July 2026 429800 398424 461175
August 2026 432360 403824 460896
September 2026 434935 409709 460161
October 2026 437526 415212 459840
November 2026 440132 410203 470061
December 2026 440335 411713 468956
Third Lake Housing Market Forecast with Real Estate Prices for 2027
January 2027 438910 407309 470512
February 2027 437491 396367 478615
March 2027 436291 414477 458106
April 2027 436113 405585 466641
May 2027 435085 397232 472937
June 2027 435403 403183 467623
July 2027 436316 404902 467731
August 2027 438915 409508 468323
September 2027 441530 416363 466697
October 2027 444160 413513 474807
November 2027 446805 402572 491039
December 2027 449467 409914 489020
Third Lake Housing Market Forecast with Real Estate Prices for 2028
January 2028 451085 424471 477699
February 2028 451554 421300 481808
March 2028 451428 420731 482125
April 2028 451367 417966 484768
May 2028 451560 408662 494458
June 2028 453239 424685 481793
July 2028 455939 429494 482383
August 2028 458654 423338 493971
September 2028 461386 423553 499220
October 2028 464135 430253 498016
November 2028 466439 437986 494891
December 2028 468960 429567 508352
Third Lake Housing Market Forecast with Real Estate Prices for 2029
January 2029 471079 429624 512534
February 2029 473791 445837 501745
March 2029 476613 434671 518555
April 2029 479452 435343 523562
May 2029 482308 451923 512693
June 2029 484203 453214 515192
July 2029 485165 459936 510393
August 2029 486180 443396 528964
September 2029 486974 446555 527392
October 2029 487678 450615 524742
November 2029 488344 457579 519110
December 2029 491253 459322 523185
Third Lake Housing Market Forecast with Real Estate Prices for 2030
January 2030 494179 446738 541621
February 2030 497123 467793 526453
March 2030 500084 454576 545592
April 2030 501750 474153 529346
May 2030 501602 475519 527685
June 2030 501826 460676 542975
July 2030 503083 476922 529243
August 2030 506064 479243 532886
September 2030 509079 464280 553878
October 2030 512111 462436 561786
November 2030 515161 479615 550708
December 2030 518230 484027 552433
Third Lake Housing Market Forecast with Real Estate Prices for 2031
January 2031 521317 486389 556245
February 2031 524422 472504 576340
March 2031 527546 494838 560254
April 2031 527789 485038 570539
May 2031 526082 496095 556068
June 2031 524380 495539 553221
July 2031 522942 477969 567915
August 2031 522729 475683 569774
September 2031 521496 488121 554872
October 2031 521877 495783 547971
November 2031 522972 478520 567425
December 2031 526088 481896 570279
Third Lake Housing Market Forecast with Real Estate Prices for 2032
January 2032 529221 482120 576322
February 2032 532373 499366 565381
March 2032 535544 501270 569819
April 2032 538734 487016 590453
May 2032 540675 487148 594201
June 2032 541237 502268 580206
July 2032 541085 500504 581667

> 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.