Is Mundelein, 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, Mundelein has remained a Seller's Market.
Housing Prices in Mundelein, IL
How much do homes in Mundelein, IL cost?
Median Sold Price
$371,432
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mundelein was $371,432 in April 2024, up 17.9% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $251K | $300K | +19.5% |
3 Bedrooms | $285K | $349K | +22.5% |
4 Bedrooms | $395K | $475K | +20.3% |
5+ Bedrooms | $536.2K | $534.2K | -0.4% |
Summary: Mundelein 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 19.5%, 3 bedroom homes increased by 22.5%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes decreased by 0.4%.
Median Sold Price Compared To Nearby Cities
Mundelein | $315K | $371.4K | +17.9% |
Libertyville | $490K | $540.7K | +10.4% |
Fremont Township | $365K | $395K | +8.2% |
Hawthorn Woods | $610K | $655K | +7.4% |
Housing Supply in Mundelein, IL
How many homes are available in Mundelein, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
106 | 103 | -2.8% |
Summary: The Mundelein real estate market had 103 homes for sale in April 2024, a 2.8% decrease 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 | 23 | 19 | -17.4% |
3 Bedrooms | 46 | 47 | +2.2% |
4 Bedrooms | 27 | 28 | +3.7% |
5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Mundelein 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 decreased by 17.4%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 38 | +22.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in Mundelein in April 2024, up by 22.6% month-over-month. Of the 38 sold homes, 24% were sold under asking, 11% were sold at asking, and 66% were sold over asking.
Days on Market for Mundelein, IL
How long does it take to sell a home in Mundelein, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 14 Days | -14.9% |
Summary: Homes in Mundelein had an average of 14 days on market in Apr 2024, down by 14.9% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 38 homes were sold in Mundelein; 89% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.