Is Lake Villa Township, 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, Lake Villa Township has remained a Seller's Market.
Housing Prices in Lake Villa Township, IL
How much do homes in Lake Villa Township, IL cost?
Median Sold Price
$315,111
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lake Villa Township was $315,111 in April 2024, up 10.6% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $101K | N/A |
2 Bedrooms | $209K | $223.6K | +7.0% |
3 Bedrooms | $265K | $300K | +13.2% |
4 Bedrooms | $343.7K | $365K | +6.2% |
5+ Bedrooms | $425K | $425K | 0.0% |
Summary: Lake Villa Township 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 7%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Lindenhurst | $276K | $315K | +14.1% |
Lake Villa Township | $285K | $315.1K | +10.6% |
Round Lake Beach | $204.6K | $225K | +9.9% |
Lake Villa | $328.7K | $325K | -1.1% |
Housing Supply in Lake Villa Township, IL
How many homes are available in Lake Villa Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
118 | 161 | +36.4% |
Summary: The Lake Villa Township real estate market had 161 homes for sale in April 2024, a 36.4% 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 | 16 | 23 | +43.8% |
3 Bedrooms | 52 | 65 | +25.0% |
4 Bedrooms | 38 | 58 | +52.6% |
5+ Bedrooms | 10 | 14 | +40.0% |
Summary: The Lake Villa Township 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 43.8%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 52.6%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 30 | -9.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Lake Villa Township in April 2024, down by 9.1% month-over-month. Of the 30 sold homes, 27% were sold under asking, 23% were sold at asking, and 50% were sold over asking.
Days on Market for Lake Villa Township, IL
How long does it take to sell a home in Lake Villa Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 15 Days | -14.8% |
Summary: Homes in Lake Villa Township had an average of 15 days on market in Apr 2024, down by 14.8% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 30 homes were sold in Lake Villa Township; 87% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.