Is Round Lake, 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, Round Lake has remained a Seller's Market.
Housing Prices in Round Lake, IL
How much do homes in Round Lake, IL cost?
Median Sold Price
$260,777
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Round Lake was $260,777 in April 2024, up 2.7% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $117.5K | $118K | 0.4% |
2 Bedrooms | $207K | $230K | +11.1% |
3 Bedrooms | $249.9K | $261K | +4.4% |
4 Bedrooms | $347.5K | $369.9K | +6.4% |
5+ Bedrooms | $390K | $435K | +11.5% |
Summary: Round Lake housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.4%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 11.5%.
Median Sold Price Compared To Nearby Cities
Round Lake Park | $165.5K | $185K | +11.8% |
Avon Township | $227.3K | $250K | +10.0% |
Round Lake Beach | $204.6K | $225K | +9.9% |
Grant Township | $245.4K | $260K | +5.9% |
Round Lake | $253.8K | $260.7K | +2.7% |
Housing Supply in Round Lake, IL
How many homes are available in Round Lake, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
51 | 58 | +13.7% |
Summary: The Round Lake real estate market had 58 homes for sale in April 2024, a 13.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 12 | 16 | +33.3% |
3 Bedrooms | 16 | 18 | +12.5% |
4 Bedrooms | 19 | 17 | -10.5% |
5+ Bedrooms | 2 | 6 | +200.0% |
Summary: The Round Lake housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 14 | -30.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Round Lake in April 2024, down by 30.0% month-over-month. Of the 14 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for Round Lake, IL
How long does it take to sell a home in Round Lake, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 35 Days | +36.4% |
Summary: Homes in Round Lake had an average of 35 days on market in Apr 2024, up by 36.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Round Lake; 93% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.