Is Lakemoor, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lakemoor has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $82K | N/A |
2 Bedrooms | $200K | $212K | +6.0% |
3 Bedrooms | $206K | $255K | +23.8% |
4 Bedrooms | $355K | $369.9K | +4.2% |
5+ Bedrooms | $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 | $299.9K | $408.5K | +36.2% |
Lakemoor | $215K | $249.4K | +16.0% |
McHenry Township | $245.7K | $274.2K | +11.6% |
Grant Township | $245.4K | $260K | +5.9% |
Volo | $286.7K | $255K | -11.1% |
Housing Supply in Lakemoor, IL
How many homes are available in Lakemoor, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 28 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 13 | 13 | 0.0% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 0 | 0 | 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 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 13 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 10 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
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.