Is Lakemoor, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lakemoor is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Lakemoor has remained a Seller's Market.

Key Takeaway

Lakemoor is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lakemoor, IL

How much do homes in Lakemoor, IL cost?

Median Sold Price

$249,450

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$34,450(+16.0%)

Key Takeaway

Homes in Lakemoor have sold for 16% more than they did a year ago.

Summary: The median home sold price in Lakemoor was $249,450 in April 2024, up 16% from last year, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$82K
N/A
2 $200K$212K
+6.0%
3 $206K$255K
+23.8%
4 $355K$369.9K
+4.2%
5+ $475K$595K
+25.3%

Summary: Lakemoor housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 23.8%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 25.3%.

Median Sold Price Compared To Nearby Cities

Johnsburg
+36.2%
Lakemoor
+16.0%
McHenry Township
+11.6%
Grant Township
+5.9%
Volo
-11.1%

Housing Supply in Lakemoor, IL

How many homes are available in Lakemoor, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2528+12.0%

Summary: The Lakemoor real estate market had 28 homes for sale in April 2024, a 12.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 78
+14.3%
3 1313
0.0%
4 57
+40.0%
5+ 00
0.0%

Summary: The Lakemoor housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
413+225.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lakemoor, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in Lakemoor in April 2024, up by 225.0% month-over-month. Of the 13 sold homes, 31% were sold under asking, 8% were sold at asking, and 62% were sold over asking.

Days on Market for Lakemoor, IL

How long does it take to sell a home in Lakemoor, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
24 Days10 Days-56.4%

Summary: Homes in Lakemoor had an average of 10 days on market in Apr 2024, down by 56.4% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lakemoor are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 13 homes were sold in Lakemoor; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Lakemoor, IL

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