Is Wonder 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, Wonder Lake has remained a Seller's Market.
Housing Prices in Wonder Lake, IL
How much do homes in Wonder Lake, IL cost?
Median Sold Price
$277,122
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Wonder Lake was $277,122 in April 2024, up 10.9% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80K | $160K | +100.0% |
2 Bedrooms | $221.2K | $218K | -1.5% |
3 Bedrooms | $250.8K | $275K | +9.6% |
4 Bedrooms | $340.6K | $349.9K | +2.7% |
5+ Bedrooms | $345K | $680K | +97.1% |
Summary: Wonder Lake housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 97.1%.
Median Sold Price Compared To Nearby Cities
Greenwood Township | $258.5K | $299.9K | +16.0% |
McHenry Township | $245.7K | $274.2K | +11.6% |
Wonder Lake | $249.9K | $277.1K | +10.9% |
Housing Supply in Wonder Lake, IL
How many homes are available in Wonder Lake, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
57 | 64 | +12.3% |
Summary: The Wonder Lake real estate market had 64 homes for sale in April 2024, a 12.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 17 | 22 | +29.4% |
3 Bedrooms | 24 | 29 | +20.8% |
4 Bedrooms | 15 | 11 | -26.7% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Wonder Lake housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 29.4%, 3 bedroom homes increased by 20.8%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 18 | -18.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Wonder Lake in April 2024, down by 18.2% month-over-month. Of the 18 sold homes, 44% were sold under asking, 28% were sold at asking, and 28% were sold over asking.
Days on Market for Wonder Lake, IL
How long does it take to sell a home in Wonder Lake, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
43 Days | 21 Days | -51.1% |
Summary: Homes in Wonder Lake had an average of 21 days on market in Apr 2024, down by 51.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Wonder Lake; 72% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.