Is Fox Lake, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Fox Lake has remained a Seller's Market.
Housing Prices in Fox Lake, IL
How much do homes in Fox Lake, IL cost?
Median Sold Price
$230,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fox Lake was $230,000 in May 2024, up 11.3% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $75K | $85K | +13.3% |
2 Bedrooms | $175K | $193.7K | +10.7% |
3 Bedrooms | $237K | $252.5K | +6.5% |
4 Bedrooms | $309.1K | $447.5K | +44.8% |
5+ Bedrooms | $507.5K | $470K | -7.4% |
Summary: Fox Lake housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 44.8%, and 5+ bedroom homes decreased by 7.4%.
Median Sold Price Compared To Nearby Cities
Fox Lake | $206.6K | $230K | +11.3% |
Grant Township | $245K | $262.8K | +7.3% |
Burton Township | $359.9K | $375K | +4.2% |
Antioch Township | $275.1K | $285.3K | +3.7% |
Spring Grove | $391.9K | $376K | -4.1% |
Housing Supply in Fox Lake, IL
How many homes are available in Fox Lake, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
73 | 84 | +15.1% |
Summary: The Fox Lake real estate market had 84 homes for sale in May 2024, a 15.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 9 | +80.0% |
2 Bedrooms | 23 | 22 | -4.3% |
3 Bedrooms | 21 | 26 | +23.8% |
4 Bedrooms | 15 | 17 | +13.3% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Fox Lake housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 80%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 23.8%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 24 | +26.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Fox Lake in May 2024, up by 26.3% month-over-month. Of the 24 sold homes, 46% were sold under asking, 42% were sold at asking, and 13% were sold over asking.
Days on Market for Fox Lake, IL
How long does it take to sell a home in Fox Lake, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 14 Days | -37.6% |
Summary: Homes in Fox Lake had an average of 14 days on market in May 2024, down by 37.6% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 24 homes were sold in Fox Lake; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.