The housing market in Vernon Hills continues to see strong price appreciation, with values up 59.1% compared to last year. Home prices have increased 8.7% in the past month alone. At the current pace, all available homes in Vernon Hills would sell out in just 1.5 months, indicating a continued supply shortage. Homes are taking about 44 days to sell, which is -3 days longer than this time last year. Only 7.7% of listings saw price reductions, suggesting sellers are confident in their pricing. Approximately 41.2% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Vernon Hills market with the affordability index at 91.2. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.