Third Lake, IL Housing Market
$428,031
3.7% 1-yrThe average Third Lake, IL home value is $428,031, up 3.7% over the past year. (Updated on )
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Third Lake Key Takeaways
Typical Home Values: $428,031
1-Year Value Change: +3.7%
(Data through August 31, 2026)
Third Lake Housing Market Overview
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Neighborhoods in Third Lake
- NameMedian ZHVI
- Venetian Village$286,511
- Green Oaks$799,875
- Trail Meadows$283,487
- Westown$145,923
- Dugdale Park$247,466
- Argonne Heights$236,446
- Lewis Glen$224,656
- Argonne Park$229,232
Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.
Third Lake Rental Market Trends
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Frequently Asked Questions
What are current home values in Third Lake, IL?
The median home value in Third Lake, IL is $428,031 as of August 2026. This represents a 0.8% increase compared to last month and a 3.7% increase year-over-year.
How have home values changed in Third Lake, IL?
Home values in Third Lake, IL have increased by 0.8% month-over-month and 3.7% year-over-year.
How do home values in Third Lake, IL compare to Lake County, Illinois, and the national average?
The median home value in Third Lake, IL ($428,031) compares to: Lake County ($399,526), Illinois ($297,573), and the U.S. national median ($368,697).
