Vernon Hills Home Prices Jump Year Over Year as Sales Pick Up
Vernon Hills, IL – March 15, 2026 – Home prices climbed sharply year over year in January, with sales and days on market both rising.
Market snapshot
The housing market in Vernon Hills opened 2026 with a sharp year-over-year price increase. In January, the median sale price reached $520,000, representing a 60% jump compared with the same month last year. The median price per square foot rose to $238, up 8.2% year over year, signaling continued upward pressure on values despite changing market dynamics.
Sales activity also moved higher. A total of 16 homes closed in January, up from 12 a year earlier. At the same time, properties took longer to sell. Median days on market increased to 72 days, compared with 39 days last year. The market is currently described as somewhat competitive, with homes receiving an average of about three offers.
Top takeaways
- Median sale price: $520,000 in January (+60% year over year).
- Median price per square foot: $238 (+8.2% year over year).
- 16 homes sold, up from 12 last year.
- Median days on market: 72 days, compared with 39 last year.
What’s for sale now
Inventory remains relatively tight, with roughly two dozen active listings recently available. Buyers can find options across several price tiers, depending on property type and size.
- Condos and townhomes generally priced in the high $100Ks to mid-$200Ks.
- Single-family homes commonly listed in the $400Ks to $600Ks.
- Larger or luxury properties approaching or exceeding $1M.
The mix of new listings and selective price adjustments suggests some room for negotiation in certain segments, even as overall year-over-year pricing remains elevated.
Rental trends
Rental data shows continued strength in the local leasing market. Average monthly rents are reported around $2,045, while other sources place median rents closer to $2,400 as of February 2026. Differences typically reflect bedroom count, unit size, and property type.
Overall, both for-sale and rental markets remain elevated compared with pre-2020 levels, with buyers and renters navigating higher price points alongside longer marketing times for homes.