Is Round Lake Beach, 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 Beach has remained a Seller's Market.
Housing Prices in Round Lake Beach, IL
How much do homes in Round Lake Beach, IL cost?
Median Sold Price
$225,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Round Lake Beach was $225,000 in April 2024, up 9.9% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $108.9K | $120K | +10.1% |
2 Bedrooms | $147.5K | $164.9K | +11.8% |
3 Bedrooms | $220.5K | $245K | +11.1% |
4 Bedrooms | $267.5K | $281.5K | +5.2% |
5+ Bedrooms | $250K | $335.5K | +34.2% |
Summary: Round Lake Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.1%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 34.2%.
Median Sold Price Compared To Nearby Cities
Lake Villa Township | $285K | $315.1K | +10.6% |
Avon Township | $227.3K | $250K | +10.0% |
Round Lake Beach | $204.6K | $225K | +9.9% |
Lake Villa | $328.7K | $325K | -1.1% |
Housing Supply in Round Lake Beach, IL
How many homes are available in Round Lake Beach, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
67 | 70 | +4.5% |
Summary: The Round Lake Beach real estate market had 70 homes for sale in April 2024, a 4.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 17 | 14 | -17.6% |
3 Bedrooms | 28 | 34 | +21.4% |
4 Bedrooms | 14 | 15 | +7.1% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Round Lake Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 17.6%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 23 | +9.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Round Lake Beach in April 2024, up by 9.5% month-over-month. Of the 23 sold homes, 26% were sold under asking, 13% were sold at asking, and 61% were sold over asking.
Days on Market for Round Lake Beach, IL
How long does it take to sell a home in Round Lake Beach, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 22 Days | +54.7% |
Summary: Homes in Round Lake Beach had an average of 22 days on market in Apr 2024, up by 54.7% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in Round Lake Beach; 78% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.