IL

Grayslake

Average Sales Price $590,225
Median Sales Price $342,450
Total Listings 84
Population 40,520

Grayslake, Illinois, is a thriving village in central Lake County known for its picturesque landscapes, vibrant downtown, and welcoming community. With its charming mix of small-town charm and modern amenities, Grayslake offers residents an exceptional quality of life.

The village is home to Grays Lake, its namesake body of water, which provides opportunities for fishing, kayaking, and lakeside relaxation. Surrounding the lake are parks and trails that enhance the area’s appeal to outdoor enthusiasts. The Rollins Savanna Forest Preserve, one of the largest and most beautiful in the county, offers miles of walking, biking, and wildlife observation trails.

Grayslake’s downtown district is a hub of activity, featuring locally owned shops, diverse dining options, and year-round events such as the Grayslake Farmers Market and seasonal festivals. Residents enjoy the close-knit feel of the community while benefiting from modern conveniences and cultural attractions.

Education is a cornerstone of Grayslake’s appeal. The village is served by Grayslake Community High School District 127 and Grayslake Community Consolidated School District 46, both highly regarded for their academic programs and extracurricular opportunities. Additionally, The College of Lake County, located in Grayslake, provides excellent higher education options and community enrichment programs.

Grayslake’s neighborhoods feature a mix of historic homes, modern subdivisions, and new developments, ensuring a variety of housing options for all needs. With its proximity to major highways, the Grayslake Metra Station, and regional employers, the village combines the convenience of suburban living with the tranquility of a small town.

Whether you’re drawn by its beautiful parks, outstanding schools, or lively downtown, Grayslake is a place where you can truly feel at home. Explore the charm and opportunities this exceptional community has to offer.

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feature image of Introducing Our Exclusive Directory: Trusted Service Providers in Lake and McHenry Counties
Introducing Our Exclusive Directory: Trusted Service Providers in Lake and McHenry Counties
At The Dick Barr Group, we understand that maintaining and enhancing your home requires access to reliable, high-quality service providers. Over the past two decades, we've dedicated ourselves to building an exclusive directory of trusted professionals across Lake and McHenry counties in Illinois, including areas such as Gurnee, Grayslake, Wadsworth, Antioch, McHenry, Johnsburg, Round Lake Beach, Round Lake, Libertyville, Wauconda, Fox Lake, and more. Our Commitment to Quality Each service provider in our directory has been thoroughly vetted to ensure they meet our stringent standards: Personal Experience: We've personally utilized their services and have been completely satisfied with the results. Trusted Referrals: They come highly recommended by our past clients and associates, whose opinions we value and trust. Comprehensive Service Categories Our directory encompasses a wide range of services to meet all your home-related needs. Here are some of the categories included: AttorneyLegal professionals specializing in real estate, probate, and other legal matters. Appliance RepairExperts in repairing household appliances to keep your home running smoothly. Basement WaterproofingSpecialists who ensure your basement stays dry and protected from water damage. Carpet CleaningProfessionals who clean and maintain your carpets for a fresh and healthy home environment. ElectricianCertified electricians handling all your electrical installation and repair needs. Landscaping/HardscapingDesigners and maintenance experts for your outdoor spaces, including gardens and patios. PlumberQualified plumbers offering services from leak repairs to full plumbing installations. Roof RepairSkilled roofers providing repair and maintenance to protect your home from the elements. Septic Repairs/MaintenanceTechnicians specializing in the upkeep and repair of your septic system. Window & Door InstallationExperts in installing and replacing windows and doors to enhance your home's efficiency and aesthetics. For a complete list of service categories and providers, please visit our Service Partners Page. Exclusive Access and Unmatched Value This directory is a unique resource, curated with care and precision, and is not available elsewhere. We do not receive any compensation for these endorsements; our primary goal is to connect you with professionals who can deliver exceptional service. In return, our referral partners have committed to prioritizing clients referred by us, ensuring you receive prompt and attentive service. Contribute to Our Growing Network We believe in continuously enhancing our directory to better serve our community. If you know of a service provider who meets our high standards, we invite you to nominate them for inclusion. Please email us at db@dickbarr.com with the following details: Type of Service Offered Business Name Contact Information: Including phone number, email address, and website, if available. We will review each submission carefully to ensure it aligns with our commitment to excellence. Serving the Heart of Illinois Our dedication extends across Lake and McHenry counties, including: Lake County: Gurnee, Grayslake, Wadsworth, Antioch, Libertyville, Wauconda, Fox Lake, Ingleside, Lindenhurst, Lake Villa, Volo, and surrounding areas. McHenry County: McHenry, Johnsburg, Round Lake Beach, Round Lake, and neighboring communities. By focusing on these regions, we ensure our clients receive localized and highly relevant recommendations. Experience the Difference At The Dick Barr Group, our mission is to enhance your homeownership experience by connecting you with trusted professionals. Our exclusive directory reflects our unwavering commitment to providing unparalleled value and support to our clients in Lake and McHenry counties. Discover the peace of mind that comes with knowing you have access to the best service providers in your area. Contact us today to learn more about our exclusive directory and how it can benefit you.  
feature image of Grayslake Real Estate Market Update for 2024
Grayslake Real Estate Market Update for 2024
The Grayslake real estate market over the past 12 months has been dynamic and full of opportunity. Here’s a comprehensive breakdown of the trends and insights that can guide buyers, sellers, and investors in 2024. Key Statistics Total Listings: 432 properties were listed. Closed Sales: 359 properties successfully sold. Under Contract: 33 properties are still under contract. Average Market Time: Homes spent an average of 24 days on the market. Sales Price to List Price Ratio: On average, homes sold for 99.52% of their original listing price. Monthly Trends Monthly analysis reveals distinct patterns in activity: Most Active Months: July was the most active month with 52 transactions, followed by June with 50 and August with 48 transactions, reflecting seasonal demand. Least Active Month: February saw the fewest transactions with only 18 properties listed. Market Efficiency: November (32 transactions) and December (29 transactions) properties showed shorter market times as motivated buyers acted before year-end. Pricing Trends: The average SP/LP ratio peaked in March at 101%, suggesting strong buyer confidence and competitive pricing. Seasonal Insights Winter (Dec-Feb): A total of 65 transactions occurred, with an average SP/LP ratio of 98.2%, indicating solid demand despite lower listing volumes. Spring (Mar-May): Spring saw 130 transactions with an average SP/LP ratio of 100.5%, making it the best time for sellers to maximize pricing. Summer (Jun-Aug): Dominated by activity, summer had 150 transactions with an average market time of 22 days and an SP/LP ratio of 99.8%. Fall (Sep-Nov): Fall closed with 114 transactions, maintaining strong performance with an average SP/LP ratio of 99.3%. Neighborhood Trends Grayslake’s subdivisions showed notable variations: Saddlebrook Farms: Accounted for 75 closed transactions, with an average market time of 18 days and an SP/LP ratio of 99.6%. Prairie Crossing: Had 43 closed transactions, averaging a market time of 20 days and an SP/LP ratio of 101%, making it the top-performing neighborhood for pricing. West Trail: Recorded 35 transactions, with homes spending an average of 25 days on the market and achieving an SP/LP ratio of 98.5%. Other Neighborhoods: Combined, these areas represented 206 transactions with an average market time of 27 days and an SP/LP ratio of 99.1%. Bedroom-Specific Insights 2-Bedroom Homes: Represented 102 listings with an average market time of 34 days. These were popular among first-time buyers. 3-Bedroom Homes: Dominated the market with 177 listings, offering a balance of affordability and space for families. 4-Bedroom Homes: Averaged the shortest market time (19 days), reflecting strong demand among larger households. What This Means for You For Sellers: Spring and summer remain the best times to list, with shorter market times and competitive pricing. For Buyers: Fall and winter can offer opportunities for less competition and motivated sellers. For Investors: Identifying high-demand neighborhoods like Saddlebrook Farms or Prairie Crossing can yield faster turnovers and stable returns. Conclusion Grayslake’s real estate market is diverse and promising, with opportunities for all types of participants. Whether you’re planning to buy, sell, or invest, staying informed about these trends will help you make smarter decisions. Contact The Dick Barr Group for expert insights and personalized guidance to navigate the market effectively.
feature image of Probate Real Estate Explained: What Grayslake, IL Buyers Need to Know
Probate Real Estate Explained: What Grayslake, IL Buyers Need to Know
When navigating the world of real estate, buyers often encounter unique opportunities in probate properties. For those in Grayslake, IL, a vibrant community in Lake County, understanding probate real estate can open doors to exciting possibilities. As a Certified Residential Real Estate Probate Specialist, I’m here to guide you through what probate real estate is, how it works, and why Grayslake offers an exceptional market for these properties. What Is Probate Real Estate? Probate real estate refers to properties that are part of a deceased person’s estate. When a homeowner passes away, their assets—including real estate—often go through probate, a legal process that ensures debts are settled and remaining assets are distributed to heirs. Key Features of Probate Properties Court Oversight: Probate sales are supervised by the court to ensure fairness and transparency. “As-Is” Sales: These properties are typically sold in their current condition, which can be an opportunity for buyers willing to invest in updates. Pricing Opportunities: Probate properties may be listed at competitive prices to expedite the sale process. The Appeal of Grayslake, IL Grayslake is one of Lake County’s most desirable communities, offering a perfect blend of small-town charm and modern amenities. Known for its strong sense of community and beautiful surroundings, Grayslake is an excellent place to live and invest. Why Buyers Love Grayslake Recreational Opportunities: Grayslake features numerous parks, lakes, and trails, perfect for outdoor enthusiasts. The nearby Rollins Savanna Forest Preserve offers stunning landscapes and wildlife viewing. Education and Culture: The town is home to top-rated schools and the College of Lake County, making it ideal for families and students. Cultural events like the annual Grayslake Arts Festival add to its vibrant appeal. Convenient Location: Situated near major highways and the Metra train system, Grayslake provides easy access to Chicago and surrounding suburbs. How Probate Real Estate Works in Grayslake 1. Court Approval Before a probate property can be sold, the transaction must be approved by the probate court. This ensures that the sale price is fair and in the best interest of the estate and its heirs. 2. Market Value Appraisal Probate properties require a professional appraisal to determine their market value. This helps establish a starting point for pricing and ensures transparency. 3. “As-Is” Condition Buyers should be prepared to purchase the property in its current state. While this often means some repairs or updates may be needed, it also presents opportunities for those looking for a project or investment. 4. Special Contracts and Timelines Probate sales often involve unique contracts and slightly longer timelines due to court requirements. Working with a probate specialist ensures the process moves smoothly. Why Grayslake Probate Properties Are Worth Considering Affordable Entry Points Because probate properties are often competitively priced, they can provide an affordable entry point into Grayslake’s thriving real estate market. Diverse Housing Options Grayslake offers a wide range of housing styles, from historic homes near downtown to modern builds in newer subdivisions. Probate properties add another layer of variety to the market. Community Investment Buying a home in probate doesn’t just provide you with a property—it’s an opportunity to become part of a welcoming and active community. How I Can Help As a Certified Residential Real Estate Probate Specialist, I’ve helped countless families and buyers navigate probate real estate transactions with ease. From understanding court requirements to finding the perfect property in Grayslake, my team at The Dick Barr Group ensures you’re supported every step of the way. If you’re ready to learn more about probate real estate, I invite you to explore my book, Beyond the Will: A Comprehensive Guide to Navigating Illinois Probate Real Estate. It’s packed with practical insights and advice tailored to Illinois residents. Tips for Buyers Considering Probate Properties Do Your Research: Understand the probate process and work with a specialist who can guide you through the details. Get Pre-Approved: Have your financing ready, as probate sales often attract multiple offers. Inspect Thoroughly: While probate properties are sold “as-is,” a professional inspection will help you understand potential repair costs. Be Patient: Probate sales can take longer than traditional transactions, but the payoff is often worth it. Why Grayslake Is Perfect for Probate Real Estate Grayslake’s strong community ties, excellent amenities, and convenient location make it an ideal place to explore probate real estate opportunities. Whether you’re looking for your next home or a unique investment, Grayslake has something to offer. With the right guidance and understanding of probate real estate, you can make a smart, informed decision that benefits your future. Contact me today to start your journey in Grayslake’s probate market.  

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Attributes Average Median
Bathrooms 1.32 1.5
Bedrooms 2.85 3
Year Built 1990 1995
Lot Size 191,731 Sqft 0 Sqft
Taxes $15,867 $8,139

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Dick Barr, CRS

Managing Broker | License ID: 471.011187

+1(847) 644-1154

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agent

Dick Barr, CRS

Managing Broker | License ID: 471.011187

+1(847) 644-1154

Full Name
Phone*

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.