Why Live in Waukegan
Waukegan's mile-long municipal beach along Lake Michigan provides year-round waterfront recreation, while the historic Genesee Theatre brings Broadway shows and national acts to the heart of downtown. The 6.5-mile Illinois Beach State Park showcases diverse plant life and pristine shoreline. Downtown Waukegan features local art galleries, monthly ArtWauk events, and distinctive murals celebrating hometown author Ray Bradbury. The 700-slip Waukegan Harbor and Marina serves as a gateway to Lake Michigan boating and fishing. Local dining ranges from authentic Middle Eastern cuisine at Papa Marco's Grill & Kabob to classic Italian treats at Tina's Italian Bake Shop.
The housing market spans multiple price points across distinct neighborhoods. Single-family homes in Bonnie Brook have a median price of $305,000, while Downtown Waukegan's median price is $145,000. Shore Highlands and Fair Oaks Estates feature single-family homes with median prices of $295,000 and $286,000 respectively. The Greens at Midlane North has a median single-family home price of $265,800. One-bedroom condos throughout Waukegan have a median price of $85,000, while two-bedroom condos have a median price of $225,000.
Property taxes in Lake County stand at 2.68%, with Illinois state income tax at 4.95%. The combined sales tax rate is 8.89%. Commuters benefit from Metra's Union Pacific North Line to Chicago and access to Interstate 94. Top-rated schools include Libertyville High School and St. Patrick School. The Great Lakes Naval Training Center maintains a significant presence in the community.
Home Trends in Waukegan, IL
On average, homes in Waukegan, IL sell after 24 days on the market compared to the national average of 50 days. The median sale price for homes in Waukegan, IL over the last 12 months is $232,500, up 6% from the median home sale price over the previous 12 months.
Median Sale Price
$232,500
Median Single Family Sale Price
$235,000
Median Townhouse Sale Price
$239,250
Median 2 Bedroom Sale Price
$222,000
Median 1 Bedroom Sale Price
$85,000
Average Price Per Sq Ft
$181
Number of Homes for Sale
46
Last 12 months Home Sales
469
Median List Price
$230,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
6%