Is Round Lake Beach, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Round Lake Beach is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Round Lake Beach has remained a Seller's Market.

Key Takeaway

Round Lake Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$20,333(+9.9%)

Key Takeaway

Homes in Round Lake Beach have sold for 9.9% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $108.9K$120K
+10.1%
2 $147.5K$164.9K
+11.8%
3 $220.5K$245K
+11.1%
4 $267.5K$281.5K
+5.2%
5+ $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
+10.6%
Avon Township
+10.0%
Round Lake Beach
+9.9%
Lake Villa
-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 2024Apr 2024CHANGE
6770+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

# BEDSMar 2024Apr 2024CHANGE
1 43
-25.0%
2 1714
-17.6%
3 2834
+21.4%
4 1415
+7.1%
5+ 44
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 2024Apr 2024CHANGE
2123+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Round Lake Beach, you could pay more than the asking price. 60.9% of homes here sold above asking price last month.

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 2023Apr 2024CHANGE
14 Days22 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Round Lake Beach are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

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