Is Lakemoor, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$250,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lakemoor was $250,000 in May 2024, up 14.4% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $82K | N/A |
2 Bedrooms | $200K | $213.5K | +6.8% |
3 Bedrooms | $214.9K | $256.5K | +19.4% |
4 Bedrooms | $352.5K | $390K | +10.6% |
5+ Bedrooms | $475K | $595K | +25.3% |
Summary: Lakemoor housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 25.3%.
Median Sold Price Compared To Nearby Cities
Johnsburg | $314K | $408.5K | +30.1% |
Lakemoor | $218.4K | $250K | +14.4% |
McHenry Township | $247.7K | $275K | +11.0% |
Grant Township | $245K | $262.8K | +7.3% |
Volo | $285.2K | $257.7K | -9.6% |
Housing Supply in Lakemoor, IL
How many homes are available in Lakemoor, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 27 | +3.8% |
Summary: The Lakemoor real estate market had 27 homes for sale in May 2024, a 3.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 6 | -25.0% |
3 Bedrooms | 12 | 11 | -8.3% |
4 Bedrooms | 6 | 10 | +66.7% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lakemoor housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 6 | -53.8% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Lakemoor in May 2024, down by 53.8% month-over-month. Of the 6 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
9 Days | 30 Days | +215.7% |
Summary: Homes in Lakemoor had an average of 30 days on market in May 2024, up by 215.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Lakemoor; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.