60047 — Lake County, Illinois Market Snapshot
Housing market data for zip code 60047 in Lake County, Illinois. Updated monthly with median prices, days on market, and more.
Market Sales Data
141 sales in 2026 (year to date)
Median Sale Price
$694,000
Days to Sell
49
Homes Sold
141
Inventory
153
Sale-to-List
100.8%
New Listings
221
Price/SqFt
$260
Pending Sales
195
Conforming Loan Available
The median home in 60047 at $694,000 falls within the 2026 conforming loan limit of $832,750, but buyers putting less than 5% down may need jumbo financing. This makes down payment strategy especially important in this market.
Market Insights
Market Temperature
60047's market is balanced with homes taking an average of 49 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 60047 (100.8% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
The median home in 60047 at $694,000 falls within the 2026 conforming loan limit of $832,750, but buyers putting less than 5% down may need jumbo financing. This makes down payment strategy especially important in this market.
Loan limits in 60047 are set at the county level.
2026 Loan Limits — Lake County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 60047
To purchase the median home at $694,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $5,467.
Monthly Payment
$5,467
Income Required
$234,309
Principal & Interest
$4,276/mo
Down Payment (5%)
$34,700
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 60047.
Estimated Monthly Payment
$4,445
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 60047. Tell us what you're looking for.