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Today: September 22, 2025

Current Price

$216,350

1 Month Forecast

$236,997

1-Year Forecast *

$251,494

5-Year Forecast *

$313,551

"Is it a good time to buy homes in Waukegan?" "Does investing in real estate in Waukegan (Illinois State, Lake County) worth it?" According to our live Forecast System, buying a house in Waukegan is a good short-term (1-year) investment*. The Waukegan average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Waukegan" 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 Waukegan in Illinois State, Lake County. If you are looking for homes for sale with good flipping profit, Waukegan can be a profitable property investment option. The median price of an average house in Waukegan was 216,350 USD on 2025-09-23. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Waukegan" area is 313,551 USD by 2030-09-23. For a 5-year investment the profit is expected to be around +44.93% meaning that investing 100000 USD today may yield a profit of 44,927 USD by 2030.

Current Median Listing Price: 216,350 USD Median Listing Price Per Square Foot: 120 USD

Waukegan 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.

Waukegan (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.

Waukegan Price Target

Waukegan median home price target in 12 months: $251,494* (upside of 16.2%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2025 $233,241 $235,214 $233,241 $235,214
2024 $199,233 $216,350 $199,233 $216,350
2023 $181,719 $197,930 $181,719 $197,930
2022 $166,078 $182,077 $166,078 $183,477
2021 $152,801 $163,742 $152,801 $165,716
2020 $140,581 $150,375 $140,581 $150,375
2019 $133,704 $139,421 $133,704 $139,421
2018 $126,304 $132,318 $126,304 $132,318
2017 $113,576 $124,808 $113,576 $124,808
2016 $99,451 $112,275 $99,451 $112,275
2015 $87,389 $98,197 $86,647 $98,197
2014 $75,126 $87,034 $75,126 $87,034
2013 $70,534 $74,621 $70,111 $74,621
2012 $72,133 $70,762 $69,733 $72,133

Questions & Answers about the Waukegan Housing Market Forecast

How much does an average home cost in Waukegan today?

The value of an average home (the listing price) in Waukegan is $216,350 USD.

What is the average price per square foot in Waukegan?

According to Walletinvestor the median price per square foot in Waukegan is 120 USD.

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

Yes. The Waukegan home prices may rise from 216,350 USD to 251,494 USD in one year.

Is it profitable to invest in Waukegan homes?

Yes. The long-term profit potential is +16.24% in one year.

Will Waukegan house prices fall / drop?

No. See above.

What is the predicted price of a Waukegan home in 2030?

The predicted home sales price of a Waukegan home in 2030 in Waukegan is 313,551 USD.

What is the predicted price of a Waukegan home in 2035?

The predicted home sales price of a Waukegan home in 2035 in Waukegan is 417,978 USD.

Will real estate prices decrease in Waukegan?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Waukegan is the 553. largest city in the United States, located in Illinois State.

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

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

Median home values increased by 1.822% to 216,350 USD, between 2024-09-23 and 2025-09-23

The average annual profit of property investment was:

  • 15.484% in 2020
  • 16.514% in 2021
  • 16.054% in 2022
  • 17.434% in 2023
  • 16.124% in 2024
  • 16.224% in 2025

Based on our Waukegan real estate market research and report the predicted sales prices will increase by 350.506% in the next 10 years.

Over the last 12 months, the value of homes in Waukegan fluctuated: increasing 8 times and decreasing 2 times.

Waukegan (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
Waukegan Housing Market Forecast with Real Estate Prices for 2025
August 2025 236997 218748 255246
September 2025 238794 219929 257659
October 2025 240605 222319 258891
November 2025 242429 218913 265945
December 2025 244267 223504 265030
Waukegan Housing Market Forecast with Real Estate Prices for 2026
January 2026 246119 228399 263840
February 2026 247985 225667 270304
March 2026 249866 228877 270854
April 2026 251760 237410 266110
May 2026 253022 234804 271239
June 2026 252539 235871 269206
July 2026 251494 226345 276643
August 2026 250454 232671 268236
September 2026 250134 227872 272396
October 2026 250740 232687 268793
November 2026 252641 232683 272600
December 2026 254557 234701 274412
Waukegan Housing Market Forecast with Real Estate Prices for 2027
January 2027 256487 231608 281366
February 2027 258432 242150 274713
March 2027 260391 244768 276015
April 2027 262366 244787 279944
May 2027 263479 241347 285611
June 2027 263719 243940 283498
July 2027 263117 239173 287060
August 2027 262486 240437 284535
September 2027 262030 243950 280110
October 2027 261708 236584 286832
November 2027 261194 237425 284962
December 2027 261559 235927 287192
Waukegan Housing Market Forecast with Real Estate Prices for 2028
January 2028 262901 242132 283671
February 2028 264895 250855 278934
March 2028 266903 245551 288256
April 2028 268927 251985 285869
May 2028 270966 254979 286953
June 2028 273021 255547 290494
July 2028 275091 247582 302600
August 2028 277005 259831 294179
September 2028 278976 252752 305200
October 2028 281091 260853 301330
November 2028 282943 255497 310388
December 2028 284902 259260 310543
Waukegan Housing Market Forecast with Real Estate Prices for 2029
January 2029 287062 258643 315481
February 2029 289238 270438 308039
March 2029 291431 266077 316786
April 2029 293641 271324 315958
May 2029 295589 267804 323375
June 2029 297510 270734 324286
July 2029 298816 271325 326307
August 2029 300013 281713 318314
September 2029 301667 281154 322181
October 2029 303955 287845 320064
November 2029 306259 287271 325247
December 2029 308068 289275 326860
Waukegan Housing Market Forecast with Real Estate Prices for 2030
January 2030 308280 281767 334792
February 2030 307939 287307 328570
March 2030 307397 285879 328915
April 2030 307612 281158 334067
May 2030 308850 287539 330160
June 2030 311191 292209 330174
July 2030 313551 285018 342084
August 2030 315928 293813 338043
September 2030 318324 289038 347609
October 2030 320737 293154 348321
November 2030 323169 299255 347084
December 2030 325619 305757 345482
Waukegan Housing Market Forecast with Real Estate Prices for 2031
January 2031 328088 305122 351055
February 2031 330576 311403 349749
March 2031 332233 301999 362466
April 2031 331598 314024 349173
May 2031 330227 304469 355984
June 2031 328861 305840 351881
July 2031 328441 300852 356030
August 2031 329237 301252 357222
September 2031 331733 307185 356281
October 2031 334248 310182 358314
November 2031 336783 309166 364399
December 2031 339336 321012 357660
Waukegan Housing Market Forecast with Real Estate Prices for 2032
January 2032 341909 320369 363449
February 2032 344502 323487 365516
March 2032 345963 320708 371219
April 2032 346279 324464 368095
May 2032 345488 318540 372436
June 2032 344660 317777 371544
July 2032 344061 319633 368489
August 2032 343638 317521 369754
September 2032 342963 320670 365256
October 2032 343443 311846 375040
November 2032 345205 320696 369715
December 2032 347823 329388 366257
Waukegan Housing Market Forecast with Real Estate Prices for 2033
January 2033 350460 322423 378497
February 2033 353117 326987 379248
March 2033 355795 334447 377142
April 2033 358492 324436 392549
May 2033 361211 331230 391191
June 2033 363724 338991 388457
July 2033 366312 343967 388657

> 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.